Most Active Stock Options October 21, 2009 & Trading Activity
The top ten most active stock option contracts today were:
- Citigroup (NYSE:C) January 2011 5 Call Options
- Caterpillar (NYSE:CAT) November 37 Call Options
- S&P 500 SPDR (NYSE:SPY) November 107 Put Options
- Sun Microsystems (NASDAQ:JAVA) January 6 Put Options
- S&P 500 SPDR November 100 Put Options
- S&P 500 SPDR November 108 Put Options
- Caterpillar November 40 Call Options
- Apple (NASDAQ:AAPL) November 210 Call Options
- Volatility Index (CBOE VIX) November 22.50 Put Options
- S&P 500 SPDR November 109 Put Options
Caterpillar
will be spinning a dividend out tomorrow which is likely the reason for
the activity. The activity yesterday was a bit more bearish than
today's, however we had a big opportunity going into close to cover
some put positions for quick profits if opened this morning. I sold
some Apple November 220 strike call options against my December 200
strike call contracts for 61% of the cost I purchased the 200's for. I
will look to purchase them back on weakness in Apple stock tomorrow. I
also sold some 15 and 16 strike Put options on Corning (
GLW), and
opened a 2/1 ratio put spread for the 24/22 strikes on Ebay (
EBAY)
today. It looks as if the Ebay is trading below 23 a share in after
hours even with a beat in EPS. I will look to close my 24 puts and
corresponding 22 puts on weakness in Ebay tomorrow. I will leave the
remaining 22 put contracts to develop into a possible long position.
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