As of today September 15, 2009 the top ten option contracts traded were:

  1. Citigroup (NYSE:C) September 4 Put Options
  2. Citigroup October 5 Call Options
  3. Citigroup October 4 Put Options
  4. General Electric (NYSE:GE) September 15 Call Options
  5. S&P 500 SPDR ETF (NYSE:SPY) September 105 Put Options
  6. Citigroup September 4 Call Options
  7. Citigroup September 5 Call Options
  8. S&P 500 SPDR ETF September 100 Put Options
  9. General Electric December 20 Call Options
  10. S&P 500 SPDR ETF September 105 Call Options

Just three different stocks among the top ten contracts today. Looks as if people are quite bullish on General Electric both short and mid-term. I am surprised to see the Citigroup September 5 Call options being among the most actives considering it would need to shoot up by nearly 20%. There seems to be share dilution speculation which could drive the share price much lower, so use caution!

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