For July 28, 2009 the top ten most traded option contracts are listed in order below, from the greatest number of contracts traded to the least.

  1. Citigroup (C) August 3 Call Option
  2. Enterprise Products Partners L.P. (EPD) August 25 Call Option
  3. Citigroup September 3 Call Option
  4. ConocoPhillips (COP) August 38 Call Option
  5. ConocoPhillips August 40 Call Option
  6. E-Trade Financial (ETFC) January 1 Call Options
  7. Citigroup August 3 Put Options
  8. Bank of America (BAC) AUgust 16 Call Options
  9. General Electric (GE) December 11 Put Options
  10. Enterprise Products Partners L.P. September 25 Call Options

Both ConocoPhillips (NYSE:COP) and Enterprise Products Partners L.P. (NYSE:EPD) are both spinning out dividends tomorrow. This is an option dividend play which caused the volume of these contracts to be traded today. Nothing unusual.

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