Traders wrote over 11,085 Nov 2009 $35 Call options contracts on Pall Corp. (PLL) on open interest of only 819. Pall is a manufacturer of filtration systems used in laboratories, pharmaceutical and biotechnology companies. The PLL MOB Index Call Volume level (PLL_CALL_MI) closed Thursday at 16,962 over 169 times normal volume levels.

MOB Index Name	Company	MI Value	MI Put/Call Ratio
PLL_PUT_MI	Pall Corp.	2,910.68	0.172
PLL_CALL_MI	Pall Corp.	16,962.16

Traders wrote over 2,200 Nov 2009 $40 Call contracts on Scripps Networks Interactive (SNI), the lifestyle media operator of the Food Network. The SNI MOB Index Call Volume (SNI_CALL_MI) closed Monday at 13,520, over 135 times normal volume levels.

MOB Index Name	Company	MI Value	MI Put/Call Ratio
SNI_PUT_MI	Scripps Networks	422.64	0.031
SNI_CALL_MI	Scripps Networks	13,520.00

As money managers seek additional returns we can expect a growing number of dividend capture strategies employed. The following securities have high dividend yields and go ex-dividend on September 29th.

Investors using a dividend capture strategy will buy the stock prior to the ex-dividend date, hold the security until after the ex-dividend date to ensure they will receive the dividend, and then sell the security.

Expect a large increase in call option volume as these investors write covered calls to hedge their short term long positions as well as extending their returns by gathering the offsetting call premium.

Annaly Capital Management, Inc. (NLY) - 12.48% Dividend Yield

Chimera Investment (CIM) - 6.17% Dividend Yield

Traders on Tuesday took a significant long position in Clorox (CLX) and hedged that position by writing covered calls at a strike of 60 and 65. Clorox traded over 5.3 million shares on Tuesday, almost 4 times normal levels. Options activity was more pronounce with the MOB Index Volume Level for Clorox calls (CLX_CALL_MI) closing the day at 8,351.86 more than 80 times normal levels.

The company, on Tuesday, declared a regular quarterly dividend of 50 cents per share, payable November 13, 2009, to holders of record on October 28, 2009.

Clorox is a global manufacturer of consumer products including bleach and cleaning products; Green Works natural cleaners; Armor All and STP auto care; Fresh Step and Scoop Away cat litter; Kingsford charcoal; Hidden Valley and KC Masterpiece sauces and dressings; Brita water-filters; Glad bags and containers; and Burt's Bees natural personal care products.

MOB Index Name	Company	MI Value	MI Put/Call Ratio
CLX_PUT_MI	Clorox Corp	2,373.26	0.284
CLX_CALL_MI	Clorox Corp	8,351.86

The 90 Day United States Mob Index Ownership Volume Distribution

19.46% Between 879.13 & 906.622
25.86% Between 906.632 & 934.123
15.02% Between 934.133 & 961.625
8.68% Between 961.635 & 989.127
19.69% Between 989.137 & 1016.63
11.29% Between 1016.64 & 1044.13

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