As of 1 PM the top ten option contracts traded today are:
- Citigroup (C) September 5 Call Options
- SPDR S&P 500 ETF (SPY) August 98 Put Options
- SPDR S&P 500 ETF September 90 Put Options
- SPDR S&P 500 ETF August 99 Put Options
- Citigroup August 4 Call Options
- Volatility Index (VIX) August 35 Call Options
- Citigroup September 4 Call Options
- SPDR S&P 500 ETF August 96 Put Options
- PowerShares QQQ (QQQQ) August 39 Put Options
- SPDR S&P 500 ETF August 99 Call Options
Judging by the current options activity the bears seem to be a bit more agressive at this point. The August 35 VIX call options are currently trading at the same premium as the VIX 32.50 Call options which is $5 per contract. However there is a lot more volume in the 35 strike. Very interesting activity in the VIX.