Most Active Stock Options November 9, 2009 & Trading Activity

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As of today the top ten most active stock option contracts traded were:

1. BP (BP) November 55 Call Options
2. BP January 50 Call Options
3. BP January 40 Call Options
4. Eli Lilly (LLY) January 30 Call Options
5. S&P 500 SPDR (SPY) November 107 Put Options
6. BP January 45 Call Options
7. Bank of America (BAC) November 16 Call Options
8. S&P 500 SPDR November 110 Call Options
9. S&P 500 SPDR November 109 Call Options
10. Citigroup (C) December 5 Call Options

There was nothing too unusual in today's most active option activity. 5 of the top 6 were all dividend plays and there was nothing too bearish or bullish in the S&P 500 SPDR options. We have been seeing bullish activity in Bank of America options lately, and the traders have been right thus far. I would like to see the S&P 500 get and close above 1,100 to take out this emerging head and shoulder pattern (see chart below).

Vested Interest: 
I/(Author) own shares in the following stocks listed in this article (PCLN, C, BAC, SPY)