There was also activity in the XLU (Utilities ETF). As of yesterdays close the April '09 $25 calls had 173k open and the Sept '09 26 calls had 100k open. XLU closed at $23.30 today. Read the articles below and watch Rebecca Darst, NYSE Euronext managing director, on CNBC explain this activity on 3/6/09.
XLI April 2009 $18 Call (Optionsxpress.com)