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Thursday, August 27, 2009

Most Active Stock Options August 26, 2009

The top ten most traded option contracts for August 26, 2009 are listed below:
  1. Citigroup September 5 Call Option
  2. PowerShares QQQ (NASDAQ:QQQQ) September 38 Put Option
  3. Citigroup September 4 Put Option
  4. Blackstone Group January 5 Call Option
  5. S&P 500 SPDR ETF (NYSE:SPY) September 100 Put Option
  6. S&P 500 SPDR ETF September 103 Put Option
  7. S&P 500 SPDR ETF November 85 Put Option
  8. PowerShares QQQ October 39 Put Option.
  9. Citigroup September 5 Put Option
  10. S&P 500 SPDR ETF November 95 Put Option
It may seem unusual that Blackstone Group (BX) options traded among the most active, but that is simply because they are spinning out a dividend on August 27, 2009. As stated in my mid day most active contracts blog post, it looks as if someone is very bearish and opened a November 95/85 put spread on the S&P 500 SPDR ETF. Citigroup is the most active option contract again... I am surprised a Bank of America contract isn't right up there with the Citigroup ones, or at least the Financial Select Sector SPDR ETF (XLF). I opened up a strangle position on the Direxion Financial 3X Bull today; purchasing call options for the September 84 strike, and put options for the September 75 strike. Each contract cost roughly $1,030 after commissions. Sphere: Related Content

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