The top ten most traded option contracts for August 26, 2009 are listed below:
- Citigroup September 5 Call Option
- PowerShares QQQ (NASDAQ:QQQQ) September 38 Put Option
- Citigroup September 4 Put Option
- Blackstone Group January 5 Call Option
- S&P 500 SPDR ETF (NYSE:SPY) September 100 Put Option
- S&P 500 SPDR ETF September 103 Put Option
- S&P 500 SPDR ETF November 85 Put Option
- PowerShares QQQ October 39 Put Option.
- Citigroup September 5 Put Option
- S&P 500 SPDR ETF November 95 Put Option
It may seem unusual that Blackstone Group (BX) options traded among the most active, but that is simply because they are spinning out a dividend on August 27, 2009. As stated in my mid day most active contracts blog post, it looks as if someone is very bearish and opened a November 95/85 put spread on the S&P 500 SPDR ETF. Citigroup is the most active option contract again… I am surprised a Bank of America contract isn’t right up there with the Citigroup ones, or at least the Financial Select Sector SPDR ETF (XLF). I opened up a strangle position on the Direxion Financial 3X Bull today; purchasing call options for the September 84 strike, and put options for the September 75 strike. Each contract cost roughly $1,030 after commissions.
