OCC monthly options volume dips in October as ETF and index activity rises
U.S. listed derivatives trading activity softens in October 2026 even as several product categories continue to post gains from a year earlier. OCC says total options volume falls 3.3% year over year, while year-to-date average daily volume remains 18.0% higher than in 2025.
Highlights
- OCC reports total options volume at 1.625 billion contracts in October 2026, down 3.3% year over year, while futures volume drops 10.8%.
- Equity options fall 21.6% to 751.9 million contracts, offset by ETF options rising 21.7% to 714.0 million and index options up 19.0% to 153.9 million.
- Average daily loan value in securities lending increases 7.8% to $223.39 billion, even as transaction counts decline 10.05% to 339,071.
October volume trends across options and futures
As reported by Options Clearing Corporation, total volume reaches 1.625 billion contracts in October 2026, down 3.3% from 1.681 billion a year earlier, while futures volume declines 10.8% to 5.31 million contracts.Within options, equity options record the sharpest drop among the major categories, falling 21.6% to 751.9 million contracts from 958.8 million in October 2025. That decline is partly offset by continued strength in ETF options, which rise 21.7% to 714.0 million contracts, and index options, which increase 19.0% to 153.9 million contracts.
Year to date, the activity trend remains stronger than the monthly comparison suggests. OCC reports total options average daily volume of 70.9 million contracts in 2026, up 18.0% from 60.1 million in 2025, while futures average daily volume edges up 2.5% to 231,519 contracts.
Securities lending shows higher loan value
In securities lending, average daily loan value for market loan plus hedge total rises 7.8% year over year to $223.39 billion in October 2026 from $207.27 billion in October 2025.At the same time, total securities lending transactions fall 10.05% to 339,071 from 376,952 a year earlier. The figures indicate that larger balances remain in the lending market even as transaction counts ease from last year's level.
Our earlier article on India’s disinvestment programme explained that most proceeds since FY 2016 have come through market-linked routes such as ETFs, public issues and buybacks, while strategic sales have contributed a relatively small share. It also noted that the planned IDBI Bank stake sale could meaningfully lift annual receipts and potentially help the government surpass its disinvestment estimate after several years of missed targets.