Most Active Stock Options November 11, 2009 & Trading Activity
As of today the top ten most active stock option contracts traded were:
- UPS (UPS) November 55 Call Options
- UPS January 45 Call Options
- PowerShares QQQ (QQQQ) January 38 Put Options
- Volatility Index (VIX) December 20 Put Options
- S&P 500 SPDR (SPY) November 110 Call Options
- Volatility Index December 18 Put Options
- Bank of America (BAC) November 17.50 Call Options
- Plum Creek Timber (PCL) November 30 Call Options
- S&P 500 SPDR November 110 Put Options
- S&P 500 SPDR November 108 Call Options
There
isn't too much unusual activity today as the UPS and Plum Creek
activity is due to dividends being spun out of the shares tomorrow.
There was some very bearish betting going on for the December
Volatility Index put options today, which is bullish on the overall
market. Today I took advantage of the nice move higher on Google (
GOOG)
and Apple (
AAPL) in the A.M. to write covered calls before purchasing
them back for a nice profit near close. I also wrote December 24 strike
call options on the PowerShares DB US Dollar Index Bullish ETF (UUP)
for $15 per option contract or half the cost of my long December 23
call contracts. I opened a tiny hedge position by purchasing some
S&P 500 SPDR (SPY) November 108 put options. I may not post most
actives Thursday and Friday as I will be in Detroit, MI.
The above story is the opinion of the author only and it does not reflect
iStockAnalyst opinion. Further, the author is not personally advising you
regarding the suitability of the story for your investment needs. In no event
iStockAnalyst will be liable for any loss or damage including without
limitation, indirect or consequential loss or damage, or any loss or damage
whatsoever arising from or arising out of, or in connection with the use of this
information. Please consult your investment advisor before making any investment
decision.
