Most Active Stock Options December 2, 2009 & Trading Activity

The top ten most active stock option contracts traded today were:

1. Pfizer (PFE) December 18 put Options
2. PowerShares QQQ (QQQQ) January 43 Call Options
3. PowerShares QQQ December 44 Put Options
4. Nike (NKE) January 45 Call Options
5. PowerShares QQQ December 45 Put Options
6. Pfizer December 19 put Options
7. S&P 500 SPDR (SPY) December 110 Put Options
8. S&P 500 SPDR March 110 Put Options
9. S&P 500 SPDR June 104 Put Options
10. S&P 500 SPDR December 111 Call Options

Today I sold December 15/12.50 put spreads on A-Power (APWR) before they announce earnings tomorrow. I also opened Gold SPDR (GLD) call spreads as I think we'll continue to rally into year end. I took advantage of weakness in Google (GOOG) and Visa (V) and purchased back my covered call options as I will wait for strength to write them back out. I closed my December 16 put position for a nickel a share on Corning (GLW) this morning and the stock looks hot, so I may look at opening January call spreads if I see it continue the trend. Happy trading!