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Daily Stock Market Equity and Options Trading Commentary

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Wednesday, August 5, 2009

Most Active Stock Options August 4, 2009

The top ten stock option contracts traded today from greatest to least number of contracts were:
  1. Intel Corporation (NASDAQ:INTC) August 17 Call Option
  2. Intel Corporation August 16 Call Option
  3. Pfizer Inc. (NYSE:PFE) August 14 Call option
  4. Bank of America Corporation(NYSE:BAC) August 16 Call Option
  5. Pfizer Inc. September 12 Call Option
  6. Linn Energy, LLC (NASDAQ:LINE) August 20 Call Options
  7. PowerShares QQQ (NASDAQ:QQQQ) December 43 Call Options
  8. Financial Select Sector SPDR (ETF) (NYSE:XLF) September 14 Call Options
  9. Pfizer Inc. September 13 Call Options
  10. Citigroup Inc. (NYSE:C) September 4 Call Options
It may seem unusual but Intel, Linn Energy, and Pfizer all spin their dividends out tomorrow. The options all most likely experienced very large volume due to the dividend play. I was selling puts on the Direxion Daily Financial Bear 3X Shares (ETF) (NYSE:FAZ) September 27 today, and will continue to sell if this market rallies. At one point the bid was over $3 per share today on that specific option contract. Sphere: Related Content

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