A preactivated unsupported olefin polymerization catalyst composition comprising a preactivated unsupported olefin polymerization catalyst, and a solvent, wherein the preactivated unsupported catalyst is prepared by contacting an unsupported olefin polymerization catalyst precursor, a co-catalyst, and the solvent for more than about 40 minutes, wherein the solvent is selected from the group consisting of an aliphatic hydrocarbon solvent, an alicyclic hydrocarbon solvent, an aromatic solvent, a halogen-substituted solvent, and mixtures thereof, and wherein the concentration of the preactivated unsupported catalyst is within the range of from about 0.04 to about 0.1 mmol of preactivated unsupported catalyst per liter of solution when using an aliphatic or alicyclic hydrocarbon solvent, and the concentration is less than about 0.80 mmol/liter of preactivated unsupported catalyst when using an aromatic or halogen-substituted solvent.