Largest option buying in equities so far

By optionMONSTER November 19, 2012, 11:26:49 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.

Corning (GLW): Some 62,000 January 15 calls were purchased for $0.01 and $0.02 but volume was below open interest at the strike. GLW rose 1.06 percent to $11.02.

JP Morgan (JPM): More than 15,000 January 2014 55 calls were bought for $0.67 as investors position for long-term upside in the financial giant. JPM rose 2.34 percent to $40.45.

Bank of America (BAC): More than 40,000 December 10 calls were purchased for $0.14 and $0.15 as investors look for the bank to rally. BAC rose 3.95 percent to $9.48.

Southwest Airlines (LUV): Some 18,000 January 7.50 puts were bought for $0.10. A large block of shares also traded around the same time, indicating the use of a delta-neutral trade that profits from implied volatility increasing. LUV rose 1.09 percent to $9.03.

Charles Schwab (SCHW): Some 15,000 December 12 puts were bought for $0.15 but volume was below open interest at the strike. SCHW rose 0.47 percent to 12.84.

Intel (INTC): Some 10,000 December 19 puts were bought for $0.18 as investors brace for further downside in the chip maker. INTC rose 0.84 percent to $20.36.




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, GLW, JPM, LUV, SCHW



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Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%