Most Active Stock Options October 5, 2009

As of today October 5, 2009 the top ten stock option contracts traded were:

1. Citigroup (NYSE:C) October 5 Call Options
2. S&P 500 SPDR ETF (NYSE:SPY) October 103 Put Options
3. PowerShares QQQ (NASDAQ:QQQQ) October 41 Put Options
4. Financial Select Sector SPDR ETF (NYSE:XLF) October 14 Put Options
5. PowerShares QQQ October 40 Put Options
6. S&P 500 SPDR ETF October 103 Call Options
7. S&P 500 SPDR ETF October 102 Put Options
8. S&P 500 SPDR ETF October 104 Put Options
9. Financial Select Sector SPDR ETF October 15 Call Options
10. S&P 500 SPDR ETF October 104 Call Options

It looks as if the bearish bets still outweigh the bullish ones, but it would have been a great day to place some bets if you’re bearish. Today I sold covered calls on half of my Bank of America position for the September 18 strike. I also jumped into the October 67 put options on the Direxion Financial Bull ETF (NYSE:FAS) at the days low. I will look to trade out of them on weakness in the financials if we get a pull back tomorrow.