Nov. 1 (Bloomberg) -- U.S. options volume fell 17 percent in October from the same month in 2011 as 324.3 million contracts traded, the Options Industry Council said today.
About 3.36 billion contracts traded in the first ten months of the year, the Chicago-based OIC said, a 14 percent decline from the same period in 2011. Average daily volume for the month was 15.4 million, down 17 percent from the previous October.
Options based on stocks and exchange-traded funds slid 17 percent in October from a year earlier, to 298 million contracts. Equity options year-to-date volume was 3.09 billion contracts, down 14 percent from last year.
Trading on U.S. equity markets was suspended on Oct. 29 and 30 as Hurricane Sandy caused the longest weather-related shutdown since 1888.
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