Largest option buying in equities so far

By optionMONSTER September 21, 2012, 11:34:04 AM EDT

Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.

Liberty Global (LBTYA): A trader purchased 25,000 January 60 calls were purchased for $1.95. A large block of shares was sold around the same time, indicating the use of a so-called delta-neutral strategy which profits from increased volatility rather than a move in a specific direction.
LBTYA rose 2.58 percent to $59.18.

Bank of America (BAC): More than 23,000 October 8 calls were purchased, mostly for $1.32 to $1.35, as investors look for upside in the share price. BAC rose 0.05 percent to $9.20.

EMC (EMC): More than 33,000 April 25 puts were bought, mostly for $1.39 to $1.41. A similar number of October 25 puts were sold at the same time against open interest, indicating that a protective position was rolled forward in time. EMC rose 1.74 percent to $28.




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.


This article appears in: Investing, Options

Referenced Stocks: BAC, EMC, LBTYA



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Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.31 0.13  0.97%
PFE $ 29.30 0.52  1.81%
GE $ 23.86 0.20  0.85%
F $ 14.97 0.02  0.13%
MSFT $ 34.61 0.24  0.69%
QQQ $ 73.65 0.62  0.83%
MU $ 10.92 0.31  2.76%
INTC $ 24.07 0.08  0.33%