For the sixth consecutive year, investors in equity options have driven volume into record territory. Industry-wide open interest, the total number of options contracts not yet exercised or allowed to expire, stood at 36,141,208 contracts at its monthly peak on December 18.
Open interest is one indication of longer-term investing in equity options.
Average daily volume for the month was 1,386,075 contracts. OIC, which includes the American Stock Exchange, Chicago Board Options Exchange, Pacific Exchange, Philadelphia Stock Exchange and The Options Clearing Corporation, has an extensive educational program. A print and broadcast advertising campaign has resulted in more than 225,000 inquiries seeking literature and videotapes.