As of today Thursday September 10, 2009 the top ten option contracts traded were:

  1. Altria Group (NYSE:MO) September 18 Call Options
  2. Altria Group September 17 Call Options
  3. Altria Group January 15 Call Options
  4. Financial Select Sector SPDR (NYSE:XLF) September 14 Put Options
  5. NYSE Euronext ETF (NYSELNYX) September 25 Call Options
  6. Citigroup (NYSE:C) September 5 Call Options
  7. Altria Group September 16 Call Options
  8. Wells Fargo (NYSE:WFC) Januray 20 Put Options
  9. General Electric (NYSE:GE) September 15 Call Options
  10. Citigroup October 5 Call Options

Today there was certainly some very mixed action. It is the first time in quite a while Citigroup contracts have been out traded. Four different Altria Group Inc. contracts traded in the most active today… You guessed it, just a dividend play as they’ll be spinning their dividend out on the Morning of September 11, 2009. Looks like some bearish bets were placed on the financials today. With just 6 trading days left until expiration, someone made a very bearish bet on the Financial Sector SPDR ETF (XLF). It is also rare to see Wells Fargo trade in the top ten most active option contracts, but someone is making a very bearish bet on Wells Fargo before January. Watch Wells Fargo in the weeks to come for some negative news, perhaps the options market is giving us a hint?