Top 10 options by volume with VIX under 11

Trading with no fear

As the equity market creeps higher into virgin territory, portfolio managers have one eye on the CBOE volatility index (VIX), which is approaching lows not seen since 2007. After the VIX first breeched 11 in May marking a 14-month low, Andrew Wilkinson put together a list of the highest volume equity options, based on on a 20-day average. Here are his observations.

It was in February 2007 that the VIX last traded below 10.0 — we all know what happened next. We thought it would be interesting to compare the current group of most actively traded options with those from around the time the VIX was trading around these levels. The results are interesting.

Many of the stocks whose options offer deep pools of frenzied liquidity today were not even on the radar screen when the VIX last traded beneath 10.0. Some of yesteryear’s most active series have dropped right off the map altogether.

Click "next" to see the stocks with the highest average options volumes in the 20 days before the VIX last traded below 10.0 and the stocks with the highest current 20-day average option volumes as of the end of May.


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