Updated
Updated · PR Newswire · Jul 6
Cboe Posts Record 23.0 Million June Options ADV as Index Options Hit 9.6 Million in a Day
Updated
Updated · PR Newswire · Jul 6

Cboe Posts Record 23.0 Million June Options ADV as Index Options Hit 9.6 Million in a Day

1 articles · Updated · PR Newswire · Jul 6

Summary

  • Cboe said June set record monthly and quarterly trading volumes across its four U.S. options exchanges, with June average daily volume reaching 23.0 million contracts and second-quarter ADV at 21.9 million.
  • June 5 drove several highs, including a 33.4 million total-options single-day record and a 9.6 million proprietary index-options record; SPX options alone traded 7.8 million contracts that day.
  • SPX and short-dated products remained central to the surge, with quarterly SPX ADV at a record 5.1 million, quarterly SPX 0DTE ADV at 3.1 million, and monthly 0DTE ADV at 3.3 million.
  • Beyond flagship contracts, Cboe also logged records in multi-list options, mini-SPX XSP options, and global trading hours activity, while IEMD futures reached a quarterly notional-value record of $650 million.
  • Cboe also issued preliminary second-quarter revenue-per-contract and net-capture guidance, saying the figures are estimated and could change before final results.

Insights

How is the explosion in daily options trading permanently changing the stability of the S&P 500 index?
As daily options become the norm, what will be the next high-frequency trading product to dominate the market?
With 0DTE options fueling record volumes, are retail traders heading for a market-wide reckoning?