Mid Day Most Active Stock Options August 11, 2009

As of mid day the top ten most active option contracts traded are:

1. Citigroup Inc. (NYSE:C) August 4 Call Option
2. Citigroup Inc. August 3 Put Option
3. Citigroup Inc. September 4 Call Option
4. Citigroup Inc. August 5 Call Option
5. CBOE Volatility Index (VIX) September 47.5 Call Option
6. Citigroup Inc. September 3 Put Options
7. Bank of America Corportation (NYSE:BAC) August 16 Put Options
8. Citigroup Inc. September 5 Call Options
9. Bank of America Corportation August 15 Put Options
10. Citigroup Inc. January 2010 5 Put Options

There is nothing too surprising about the option contracts traded today, except for the unusual activity in the CBOE Volatility Index (VIX). It looks like someone is anticipating a sharp decline in the stock market, speculating with the Volatility Index September 47.5 Call options. Here is an option strategy I outlined a few days ago to trade the Volatility Index. Sphere: Related Content