Fear index experiences record week of trading

Is VIX, aka the fear index, record week an omen?

CBOE Futures Exchange (CFE) announced today that several trading volume records were set during the week of Monday, June 18 through Friday, June 22, 2012. 

Futures on the CBOE Volatility Index (the VIX Index) experienced their most-active trading week ever last week. The record 657,221 contracts that changed hands from Monday, June 18 through Friday, June 22, 2012 surpassed the previous high of 533,430 VIX futures contracts traded during the week of August 8-12, 2011. In addition, on Monday, June 18, 159,744 VIX futures contracts traded, a new single-day record, eclipsing the previous record of 152,067 contracts on August 5, 2011.  

The record trading activity in VIX futures propelled CFE total exchange volume to a new all-time high. A record 659,930 total contracts traded last week, topping the 533,639 total contracts traded during the week of August 8-12, 2011. The most-active trading day in CFE history occurred during the record week as a total of 160,552 contracts traded on Monday, June 18, a new all-time high, surpassing the previous high of 152,133 contracts set on August 5, 2011.  

Last week’s records come on the heels of the most-active trading month in CFE history. During May 2012, trading volume, in both VIX futures and exchange-wide, exceeded two million contracts for the first time ever. Last month, 2,000,154 VIX futures contracts changed hands, while total exchange volume hit 2,022,433 contracts. 

CFE currently offers futures on 10 different contracts, including: the CBOE Volatility Index (the VIX Index), Weekly options on VIX futures (VOW), CBOE mini-VIX (VM), CBOE NASDAQ-100 Volatility Index (VXN), CBOE Gold ETF Volatility Index (GVZ), CBOE Crude Oil ETF Volatility Index (OVX), CBOE Emerging Markets ETF Volatility Index (VXEM), CBOE Brazil ETF Volatility Index (VXEW), CBOE S&P 500 3-Month Variance (VT) and Radar Logic 25-Metropolitan Statistical Area (MSA) RPX Composite Index (RPXCP).

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