Option Skews - Relatively Heavy Call Activity on Bank of America Corp, Citigroup Inc, Ford Motor Co, Google Inc

Here are the stocks that saw a bias toward call activity in the previous session. This filtered scan is based on the International Securities Exchange (ISE) buy-to-open data. It looks for stocks where the previous day's call volume on the ISE is at least twice as great as the put volume. It then sorts the stocks based on the call volume. Since this is buy-to-open data, this can be a good source for finding stocks where optimism is emerging. Of particular interest to me would be situations where we see call activity on stocks that are still in intermediate-term downtrends. This would be a potentially cautionary sign from the contrarian perspective.

Companies included in today's scan results: Bank of America Corp (BAC), Citigroup Inc (C), Ford Motor Co (F), Google Inc (GOOG), Las Vegas Sands Corp (LVS), Dell Inc (DELL), Brocade Communications Systems (BRCD), DryShips Inc. (DRYS), E-Trade Financial Corp (ETFC), Alcoa (AA), LDK Solar Co Ltd (LDK), Weatherford International (WFT), Pfizer (PFE), IBM (IBM), United States Steel Corp (X), USG Corp. (USG), Exxon Mobil (XOM), American Eagle Outfitters (AEO), YRC Worldwide Inc (YRCW), Boston Scientific (BSX), Dendreon Corp (DNDN), Cisco Systems Inc (CSCO), Diana Shipping Inc. (DSX), MEMC Electronic Materials Inc (WFR), Bristol-Myers Squibb (BMY).

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