Apple, Molycorp see fast-money trades

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Weekly options expire today, and some investors are looking to make a quick buck.

One big theme was put selling in Apple, which is trying to hold its ground after gapping to a new all-time high earlier in the week. More than 13,000 445 puts were sold for $0.40 to $1.15, as traders bet it will close above that strike price today. AAPL rose 0.25 percent to $445.72.

Rare-earth minerals stock Molycorp also saw short-term activity as investors purchased about 3,700 January 32 calls for $0.08 to $0.10, looking for the stock to power above $32 by the close. MCP rose 3.37 percent to $31.32.

They're also looking for upside in Amazon.com, snapping up more than 9,000 January 195 calls against open interest of just 3,741 contracts. Most of the large blocks priced for $0.65 to $1.57. AMZN rose 0.81 percent to 194.83.

A new set of weeklies that that expire next Friday are also starting to trade, especially in AAPL. Investors are buying the 445 calls for $4.60 to $5.75 and the 450 calls for $2.60 to $3.27, looking for gains in the short term.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.


This article appears in: Investing , Options

Referenced Stocks: AAPL , AMZN , MCP

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