Reuters – The options market suffered a setback as U.S. exchange-listed volume last month fell 21.2 percent to 224.9 million contracts down from 310.8 million contracts for the same period last year, the Option Industry Council (OIC) said on Monday.
The drop in November volume comes as annual overall option volume stood at record levels of 3.4 billion contracts, up 28 percent from the 11 month period in 2007.
Trading fell for several reasons. Last month had fewer trading days. This year, November had two trading days less than November 2007.