- 6 Jun 2019
- By CME Group
Reviews by Asset Class
Interest Rates | Equity Index | Energy | Agricultural | FX | Metals
| Asset Class | ADV | % YoY | % Globex | Month-End OI | OI % YoY |
| Total Options | 5,023,473 | 40% | 64% | 88,305,924 | 30% |
| Interest Rates | 3,379,237 | 49% | 52% | 71,252,930 | 41% |
| Equity Index | 808,313 | 39% | 97% | 4,734,176 | 9% |
| Agricultural | 453,445 | 50% | 85% | 4,236,490 | 6% |
| Energy | 268,822 | -11% | 70% | 5,952,792 | -10% |
| FX | 58,704 | 9% | 87% | 1,442,223 | 9% |
| Metals | 54,951 | -33% | 99% | 687,313 | -24% |
Trends & Highlights
- Options averaged 5M contracts/day in May, the second highest monthly ADV ever
- Open interest closed the month at a record 88M contracts, +30% YoY – a 53rd consecutive month of YoY growth
| Symbol | ADV | % YoY | % Globex | Month-End OI | OI % Puts | |
| Eurodollar options | 2,133,501 | 73% | 38% | 64,421,790 | 54% | |
| Eurodollars (Quarterly/Serial) | GE | 1,192,476 | 115% | 34% | 43,412,729 | 56% |
| 1-Year Mid-Curve | GE0 | 604,186 | 70% | 42% | 11,765,489 | 50% |
| 2-Year Mid-Curve | GE2 | 257,059 | 7% | 41% | 5,808,996 | 53% |
| 3-Year Mid-Curve | GE3 | 75,581 | -4% | 45% | 3,211,800 | 46% |
| 4-Year Mid-Curve | GE4 | 3,849 | 60% | 18% | 218,526 | 49% |
| 10-Year Note | 756,565 | 7% | 76% | 3,410,524 | 50% | |
| Quarterly/Serial | OZN | 525,145 | -9% | 73% | 3,026,773 | 49% |
| Friday Weekly | ZN1-5 | 202,227 | 84% | 82% | 325,873 | 58% |
| Wednesday Weekly | WY1-5 | 29,193 | 59% | 90% | 57,878 | 65% |
| 5-Year Note | 289,599 | 66% | 78% | 2,121,632 | 73% | |
| Quarterly/Serial | OZF | 235,004 | 48% | 76% | 2,006,301 | 73% |
| Friday Weekly | ZF1-5 | 48,886 | 270% | 82% | 97,573 | 73% |
| Wednesday Weekly | WF1-5 | 6,450 | 173% | 98% | 18,030 | 81% |
| T-Bond | 164,052 | 30% | 88% | 933,251 | 61% | |
| Quarterly/Serial | OZB | 122,683 | 18% | 88% | 787,501 | 59% |
| Friday Weekly | ZB1-5 | 34,600 | 87% | 88% | 118,781 | 78% |
| Wednesday Weekly | WB1-5 | 6,769 | 105% | 92% | 26,969 | 45% |
| 2-Year Note | 34,114 | 1% | 62% | 332,034 | 79% | |
| Quarterly/Serial | OZT | 33,165 | -1% | 61% | 331,562 | 80% |
| Friday Weekly | ZT1-5 | 208 | 1357% | 56% | 200 | 0% |
| Ultra T-Bond | OUB | 1,210 | 84% | 3% | 26,596 | 99% |
| Ultra 10-Year Note | OTN | 197 | 100% | 0% | 5,351 | 0% |
Trends & Highlights
- Interest rates options ADV of 3.37M in May was the second highest monthly ADV ever
- Open interest hit multiple records during the month, and currently sits at a record 74.7M contracts as of June 4
- Eurodollar options surged 115%, closing the month with a record day of 5.2M contracts on May 31 (only to be surpassed the following day with 7M contracts on June 3)
- 5-Year note options averaged a record 289K contracts/day, +66% YoY
- Weekly Treasury options averaged 328K contracts/day, including a record 42K in Wednesday weeklies
| Symbol | ADV | % YoY | Month-End OI | OI % Puts | |
| E-mini S&P 500 options | 765,665 | 43% | 573,322 | 66% | |
| Quarterlies | ES | 206,600 | 30% | 2,813,201 | 70% |
| Monday Weekly | E1A-E5A | 57,547 | 86% | 89,405 | 73% |
| Wednesday Weekly | E1C-E5C | 64,252 | 44% | 46,535 | 76% |
| Friday Weekly | EW1-EW4 | 307,301 | 33% | 954,706 | 55% |
| End-of-Month | EW | 129,966 | 83% | 506,722 | 63% |
| S&P 500 options | 28,249 | -14% | 225,615 | 55% | |
| Quarterlies | SP | 2,258 | -55% | 76,680 | 46% |
| Monday Weekly | S1A-S5A | 4,409 | 82% | 30,111 | 84% |
| Wednesday Weekly | S1C-S5C | 2,359 | -22% | 3,405 | 30% |
| Friday Weekly | EV1-EV4 | 12,847 | -32% | 61,453 | 53% |
| End-of-Month | EV | 6,376 | 88% | 53,967 | 54% |
| E-mini NASDAQ-100 options | 11,291 | 43% | 63,570 | 59% | |
| Quarterlies | NQ | 3,787 | 13% | 44,764 | 58% |
| Weekly | QN1-QN4 | 5,397 | 28% | 13,448 | 60% |
| End-of-Month | QNE | 2,107 | 489% | 5,358 | 60% |
| E-mini Russell 2000 options | RTO | 2,944 | 40% | 30,659 | 72% |
| E-mini Dow ($5) options | YM | 164 | -59% | 3,762 | 57% |
Trends & Highlights
- Equitiy options averaged 808K contracts per day, +39% YoY, the highest monthly ADV of 2019
| Symbol | Settlement | ADV | % YoY | % Globex | Month-End OI | OI % Puts | |
| Crude Oil options | 198,844 | -10% | 77% | 4,036,737 | 48% | ||
| WTI Crude Oil | LO | Physical | 164,602 | -8% | 88% | 2,416,847 | 45% |
| WTI 1 Month CSO | WA | Physical | 13,782 | 2% | 5% | 655,949 | 60% |
| WTI 1 Month CSO | 7A | Financial | 2,201 | -41% | 1% | 141,510 | 51% |
| Brent Futures-Style | BZO | Financial | 7,162 | 14% | 67% | 184,370 | 32% |
| WTI Weeklies | LO1-5 | Physical | 3,629 | 0% | 100% | 5,063 | 63% |
| WTI Average Price | AAO | Financial | 1,263 | -58% | 0% | 376,971 | 55% |
| Brent European | BE | Financial | 3,159 | 24% | 0% | 63,595 | 53% |
| WTI-Brent Spread | BV | Financial | 2,280 | -48% | 10% | 112,055 | 46% |
| Natural Gas options | 66,402 | -16% | 50% | 1,812,969 | 46% | ||
| Natural Gas European | LN | Financial | 59,565 | -14% | 48% | 1,650,925 | 46% |
| Natural Gas American | ON | Physical | 4,413 | -42% | 99% | 70,107 | 41% |
| Natural Gas 3 Month CSO | G3 | Financial | 686 | 0% | 0% | 30,350 | 71% |
| Natural Gas 1 Month CSO | G4 | Financial | 885 | 90% | 0% | 24,900 | 63% |
| Refined Product options | 3,031 | 50% | 13% | 77,103 | 30% | ||
| NY Harbor ULSD | OH | Physical | 1,847 | 57% | 13% | 42,737 | 29% |
| RBOB Gasoline | OB | Physical | 853 | 36% | 20% | 17,245 | 38% |
Trends & Highlights
- WTI Weekly options averaged 3.6K contracts/day
| Symbol | ADV | % YoY | % Globex | Month-End OI | OI % Puts | |
| Corn | OZC | 244,538 | 117% | 85% | 1,726,857 | 36% |
| Soybean | OZS | 89,589 | 4% | 90% | 633,595 | 52% |
| SRW Wheat | OZW | 38,033 | -10% | 86% | 442,204 | 41% |
| Lean Hogs | HE | 16,733 | 132% | 90% | 433,265 | 49% |
| Live Cattle | LE | 11,946 | -14% | 85% | 211,778 | 49% |
| Short-Dated New Crop | OCD, OSD | 11,729 | 60% | 82% | 160,770 | 40% |
| Soybean Meal | OZM | 11,293 | -28% | 83% | 140,077 | 40% |
| Weekly Corn | ZC1-5 | 7,472 | 152% | 79% | 21,166 | 16% |
| Soybean Oil | OZL | 6,521 | 37% | 77% | 91,597 | 44% |
| KC HRW Wheat | OKE | 5,962 | 53% | 75% | 94,287 | 37% |
| Feeder Cattle | GF | 2,177 | 78% | 90% | 29,177 | 51% |
| Class III Milk | DC | 1,856 | 12% | 94% | 78,394 | 52% |
| Weekly Soybeans | ZS1-5 | 1,416 | 18% | 98% | 1,881 | 69% |
| Weekly Wheat | ZW1-5 | 1,053 | 209% | 98% | 4,320 | 75% |
Trends & Highlights
- Given weather and trade concerns, corn implied volatility saw a dramatic increase throughout May leading to a record single day volume record on May 21st of 441,209 contracts, record monthly ADV of 217K and record Weekly option activity
- Record Lean Hog short option open interest was established in May for producers based on CFTC Commitment of Traders report
- 48% of the volume on Globex was a spread, resulting in spread ADV of173K. The Grain & Oilseed complex averaged 58K verticals a day in May
| Symbol | ADV | % YoY | % Globex | Month-End OI | OI % Puts | |
| EUR/USD | EUU | 24,128 | -48% | 98% | 248,637 | 50% |
| JPY/USD | JPU | 12,532 | 6% | 99% | 165,291 | 50% |
| GBP/USD | GPU | 7,000 | -34% | 99% | 130,689 | 46% |
| AUD/USD | ADU | 6,186 | 10% | 100% | 70,994 | 55% |
| CAD/USD | CAU | 4,929 | -40% | 100% | 64,390 | 46% |
| CHF/USD | CHU | 99 | -55% | 100% | 4,647 | 67% |
| MXN/USD | 6M | 69 | -27% | 100% | 2,385 | 49% |
Trends & Highlights
- FX options expiration time will be changed to 10 a.m. ET for all contracts expiring after June 9, 2019 (Details)
| Symbol | ADV | % YoY | % Globex | Month-End OI | OI % Puts | |
| Gold | OG | 45,551 | 3% | 87% | 1,134,990 | 30% |
| Silver | SO | 5,375 | -16% | 93% | 232,836 | 39% |
| Gold Weeklies | OG1-5 | 4,987 | 184% | 93% | 11,774 | 40% |
| Copper | HX | 2,318 | 139% | 76% | 46,676 | 37% |
| Platinum | PO | 210 | 42% | 57% | 10,271 | 30% |
| Silver Weeklies | SO1-5 | 198 | 478% | 100% | 1,209 | 48% |
| Palladium | PAO | 53 | -48% | 39% | 1,946 | 60% |
Trends & Highlights
- Weekly Gold options (OG1-5) averaged 4.9K contracts/day, +84% YoY – a 39th consecutive month of YoY growth
- Copper options averaged 2.2K contracts/day, +139% YoY
Open Interest as of 5/31/19, unless otherwise specified
YoY – Compares current period 2019 to same period 2018, MoM – Compares current month 2019 to previous month 2019
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