This image illustrates the notional open interest of US-listed options expiring on June 21, 2024, with a total notional value of
$5.1 trillion. The breakdown is as follows:
Full 21-Jun Expiration: $5.1tn Notional
- **SPX AM**: $2.9tn (AM Settlement: $3.1tn)
- **Non-SPX Index**: $185bn
- **SPY**: $280bn
- **SPX PM**: $430bn
- **Non-SPY ETF**: $455bn
- **Single Stock**: $870bn (PM Settlement: $2.0tn)
Key Points
1.
**SPX AM** (S&P 500 Index options with AM settlement) has the largest notional value of
$2.9 trillion.
2. *
*Single Stock options** have a significant notional value of
$870 billion.
3.
**SPX PM** (S&P 500 Index options with PM settlement) has a notional value of
$430 billion.
4.
**SPY options** (SPDR S&P 500 ETF) have a notional value of
$280 billion.
5.
**Non-SPY ETF options** have a notional value of
$455 billion.
6.
**Non-SPX Index options** have the smallest notional value of
$185 billion.
Settlement Breakdown
- *
*AM Settlement**:
$3.1tn
- **
PM Settlement**:
$2.0tn
This breakdown helps in understanding the distribution of option expirations and the potential impact on the market due to such significant volumes.