As of today Tuesday October 6, 2009 the top ten most active stock option contracts were:

  1. AT&T (NYSE:T) October 26 Call Options
  2. AT&T October 25 Call Options
  3. AT&T January 20 Call Options
  4. AT&T October 24 Call Options
  5. Citigroup (NYSE:C) January 5 Call Options
  6. Verizon (NYSE:VZ) October 29 Call Options
  7. AT&T October 23 Call Options
  8. Citigroup October 5 Call Options
  9. S&P 500 SPDR ETF (NYSE:SPY) 105 Call Options
  10. AT&T October 22 Call Options

As you may have guessed AT&T will be spinning a dividend out of the shares tomorrow morning which is the reason for this level of options activity. Verizon will also be spinning out a dividend of 47.5 cents tomorrow. Today I sold some 11 strike October puts on the United States Natural Gas Fund (NYSE:UNG), added to my Direxion Daily Financial Bull 3X ETF (NYSE:FAS) 73 put position, and purchased some Volatility Index October 30 strike call options for $50 a contract (note these expire the Wednesday after equity expiration).