A larger-sized version of the SPY contract to be offered by ISE aims to capture rising interest in options trading among financial institutions, as well as the established use of options on the SPDR ETF. [Big Investors Dial Back from Stock ETFs]
According to the ISE, SPY options have been the most heavily traded options in the U.S., with about two million traded a day in 2012.
Tisha Guerrero contributed to this article.
Full disclosure: Tom Lydon’s clients own SPY.
