Index Options Volume - Macroption

Options and Volatility since 2012

This page is an overview of index options trading volume on US exchanges. The tables below show daily average options trading volume by index option symbol in each year. The data includes volume from the CBOE group of options exchanges (CBOE, BATS, C2, EDGX).

See also most active stocks and ETFs by options volume.

Index Options Volume in 2026

Average number of option contracts traded per day, year-to-date data up to Friday 28 August 2026.

Index options volume in 2026
rank symbol  avg_daily_volume
  1. SPX   = 4,933,765
  2. VIX   =   867,391
  3. XSP   =   203,555
  4. RUT   =    82,616
  5. DJX   =     3,040
  6. NDX   =     2,070
  7. MBTX  =     1,674
  8. MGTN  =     1,644
  9. NANOS =       720
 10. CBTX  =       641
 11. MXEF  =       556
 12. SPESG =       347
 13. MXEA  =       228
 14. XND   =       129
 15. MRUT  =        96
 16. XSPBX =        16
 17. OEX   =         4
 18. XEO   =         4
 19. SPEQX =         1
 20. RLV   =         1
 21. RUI   =         0
 22. SIXM  =         0
 23. SIXV  =         0

Most Active Index Options

By far the most active is the S&P500 index (SPX), with almost five million option contracts traded per day in 2026 so far. Additionally, the mini S&P500 index options (XSP) come third with over 200 thousand contracts per day.

The second most popular index by options volume is the VIX (CBOE Volatility Index), although it lags behind the S&P500 by a wider margin than it used to. VIX options trading volume has fluctuated around 500-800 thousand daily contracts since 2013, while SPX options volume increased about 5x in the same period.

The third most active index is Russell 2000 (RUT) with over 82 thousand option contract traded per day.

All the other index options trade less than ten thousand contracts per day, on average.

Index Options Volume History 2007-2025

Below you can find annual rank and average daily options volume for individual indices in 2007-2025. These historical tables only include indices with average daily options volume at least 100 contracts.

Jump to: 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025

2007

Index options volume in 2007
rank symbol  avg_daily_volume
  1. SPX   =   629,819
  2. VIX   =    93,181
  3. OEX   =    70,696
  4. RUT   =    32,359
  5. DJX   =    30,956
  6. NDX   =    29,311
  7. MNX   =    18,238
  8. MVR   =     6,528
  9. XSP   =     6,118
 10. DXL   =       508
 11. GOX   =       194
 12. RVX   =       129
 13. OIX   =       112

2008

Index options volume in 2008
rank symbol  avg_daily_volume
  1. SPX   =   708,100
  2. VIX   =   102,754
  3. RUT   =    72,129
  4. OEX   =    53,687
  5. DJX   =    29,053
  6. NDX   =    24,059
  7. MNX   =    18,944
  8. XSP   =    11,280
  9. MVR   =     4,979
 10. DXL   =       320
 11. RVX   =       125

2009

Index options volume in 2009
rank symbol  avg_daily_volume
  1. SPX   =   614,562
  2. VIX   =   132,255
  3. RUT   =    47,798
  4. OEX   =    43,870
  5. NDX   =    17,210
  6. DJX   =    17,171
  7. MNX   =     6,841
  8. XSP   =     3,250
  9. XEO   =       896
 10. MVR   =       154

2010

Index options volume in 2010
rank symbol  avg_daily_volume
  1. SPX   =   695,601
  2. VIX   =   247,826
  3. OEX   =    43,006
  4. RUT   =    38,547
  5. NDX   =    22,009
  6. DJX   =    11,219
  7. XEO   =     9,500
  8. MNX   =     2,598
  9. XSP   =     1,065

2011

Index options volume in 2011
rank symbol  avg_daily_volume
  1. SPX   =   783,768
  2. VIX   =   388,845
  3. RUT   =    36,361
  4. OEX   =    27,049
  5. NDX   =    21,076
  6. DJX   =     6,642
  7. XEO   =     4,957
  8. MNX   =     1,079
  9. XSP   =       367

2012

Index options volume in 2012
rank symbol  avg_daily_volume
  1. SPX   =   697,829
  2. VIX   =   442,959
  3. NDX   =    27,857
  4. RUT   =    17,595
  5. OEX   =    15,886
  6. DJX   =     5,071
  7. XEO   =     3,528
  8. MNX   =       458
  9. XSP   =       320

2013

Index options volume in 2013
rank symbol  avg_daily_volume
  1. SPX   =   823,369
  2. VIX   =   567,460
  3. RUT   =    40,925
  4. NDX   =    21,636
  5. OEX   =     9,396
  6. SPXPM =     5,842
  7. DJX   =     4,467
  8. XEO   =     2,768
  9. XSP   =     1,395
 10. MNX   =       531
 11. XSPAM =       152

2014

Index options volume in 2014
rank symbol  avg_daily_volume
  1. SPX   =   888,089
  2. VIX   =   632,419
  3. RUT   =    46,523
  4. NDX   =    19,751
  5. SPXPM =     6,942
  6. OEX   =     6,177
  7. XSP   =     5,250
  8. DJX   =     3,605
  9. XEO   =     1,361
 10. VXST  =       601

2015

Index options volume in 2015
rank symbol  avg_daily_volume
  1. SPX   =   938,620
  2. VIX   =   573,176
  3. RUT   =    67,280
  4. SPXPM =     8,174
  5. XSP   =     7,639
  6. NDX   =     7,285
  7. OEX   =     5,026
  8. DJX   =     4,940
  9. XEO   =       702

2016

Index options volume in 2016
rank symbol  avg_daily_volume
  1. SPX   = 1,023,623
  2. VIX   =   588,279
  3. RUT   =    61,096
  4. XSP   =    11,448
  5. SPXPM =     8,533
  6. NDX   =     8,120
  7. DJX   =     3,962
  8. OEX   =     3,641
  9. XEO   =       250
 10. MXEF  =       167

2017

Index options volume in 2017
rank symbol  avg_daily_volume
  1. SPX   = 1,163,466
  2. VIX   =   722,356
  3. RUT   =    56,937
  4. XSP   =    14,313
  5. DJX   =     4,665
  6. SPXPM =     2,654
  7. OEX   =     1,900
  8. NDX   =     1,572
  9. MXEA  =       293
 10. MXEF  =       208
 11. XEO   =       133

2018

Index options volume in 2018
rank symbol  avg_daily_volume
  1. SPX   = 1,479,465
  2. VIX   =   667,213
  3. RUT   =    46,841
  4. XSP   =    19,423
  5. DJX   =     6,247
  6. OEX   =     2,018
  7. MXEF  =       599
  8. MXEA  =       448
  9. NDX   =       102

2019

Index options volume in 2019
rank symbol  avg_daily_volume
  1. SPX   = 1,265,650
  2. VIX   =   502,490
  3. XSP   =    68,840
  4. RUT   =    37,921
  5. DJX   =     3,882
  6. OEX   =     1,454
  7. MXEF  =     1,055
  8. XEO   =       891
  9. MXEA  =       594

2020

Index options volume in 2020
rank symbol  avg_daily_volume
  1. SPX   = 1,236,955
  2. VIX   =   492,169
  3. XSP   =    43,802
  4. RUT   =    34,474
  5. DJX   =     4,202
  6. MXEF  =     1,299
  7. MXEA  =       660
  8. OEX   =       631
  9. XEO   =       123

2021

Index options volume in 2021
rank symbol  avg_daily_volume
  1. SPX   = 1,367,860
  2. VIX   =   522,477
  3. RUT   =    51,947
  4. XSP   =    19,817
  5. DJX   =     3,553
  6. MXEF  =     1,780
  7. MXEA  =     1,556
  8. XEO   =       956
  9. MRUT  =       291
 10. OEX   =       233

2022

Index options volume in 2022
rank symbol  avg_daily_volume
  1. SPX   = 2,224,776
  2. VIX   =   532,523
  3. RUT   =    44,603
  4. XSP   =    36,249
  5. DJX   =     4,381
  6. MXEA  =     1,977
  7. MXEF  =     1,631
  8. NANOS =       665
  9. MRUT  =       207
 10. OEX   =       172
 11. NDX   =       122

2023

Index options volume in 2023
rank symbol  avg_daily_volume
  1. SPX   = 2,917,385
  2. VIX   =   742,878
  3. XSP   =    64,904
  4. RUT   =    62,679
  5. DJX   =     5,075
  6. NANOS =     2,435
  7. MXEF  =     1,864
  8. MXEA  =     1,517
  9. NDX   =       409
 10. MRUT  =       241
 11. SPESG =       155
 12. OEX   =       121

2024

Index options volume in 2024
rank symbol  avg_daily_volume
  1. SPX   = 3,112,068
  2. VIX   =   830,346
  3. RUT   =    70,007
  4. XSP   =    69,662
  5. DJX   =     6,320
  6. NANOS =     1,636
  7. MXEF  =     1,421
  8. MXEA  =       644
  9. NDX   =       625
 10. MRUT  =       411
 11. SPESG =       338

2025

Index options volume in 2025
rank symbol  avg_daily_volume
  1. SPX   = 3,867,038
  2. VIX   =   858,980
  3. XSP   =   114,565
  4. RUT   =    74,475
  5. DJX   =     6,853
  6. MBTX  =     2,287
  7. MXEF  =     1,203
  8. NDX   =     1,054
  9. SPESG =       607
 10. MXEA  =       572
 11. NANOS =       564
 12. MRUT  =       415
 13. CBTX  =       355