Most Active Stock Options : October 26, 2009 & Trading Activity
As of today the top ten most active stock option contracts traded were:
- S&P 500 SPDR (NYSE:SPY) November 107 Put Options
- Bank of America (NYSE:BAC) November 15 Put Options
- Bank of America November 16 Call Options
- S&P 500 SPDR November 108 Put Options
- Citigroup (NYSE:C) November 5 Call Options
- PowerShares QQQ (NASDAQ:QQQQ) November 43 Put Options
- S&P 500 SPDR November 109 Call Options
- S&P 500 SPDR November 106 Put Options
- Bank of America November 17.50 Call Options
- PowerShares DB US Dollar Index Bullish (NYSE:UUP) December 23 Call Options
The
top contracts traded today seemed to be a bit more bullish than the
past few days. The UUP is very rare to see among the most active. Could
this be signaling a stronger dollar ahead? I am a bit skeptical going
long if the dollar gains strength as I think it will put pressure on
the market. I am anxiously awaiting the Case-Shiller and the consumer
confidence reports which come out tomorrow at 9 and 10 AM respectively.
I did not trade too much today, but will certainly look at taking a
long position in the UUP if dollar strength continues tomorrow. I will
look to sell puts on Buffalo Wild Wings (BWLD) and Visa (V) for sure
tomorrow before their earnings releases. Revenue seems to be the key
driver in all earnings reports so far!
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