Largest option buying in equities so far

By optionMONSTER August 08, 2012, 12:20:49 PM 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.

Bank of America (BAC): A block of 20,000 January 10 calls was purchased for $0.16. While the trade is bullish, volume was far below open interest at the strike. BAC rose 1.04 percent to $7.75.

Sprint Nextel (S): An investor sold 11,000 August 4 calls for $0.44 against open interest and bought 15,700 November 5 calls for $0.27. The trade is bullish because they increased the number of contracts owned and prolonged the wager by three months. S rose 3.60 percent to $4.47.

MEMC Electronic Materials (WFR): Volume surged in the August 2 puts and the August 1.50 puts as an investor exited a downside trade. It was probably intended as a hedge before the company's earnings report this morning. WFR rallied 16 percent to $2.39.

Apple (AAPL): Volume surged in the August 555 calls as investors sought to reap the company's quarterly cash dividend. AAPL rose 0.05 percent to $621.20.




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: AAPL, BAC, S, WFR



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Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.21 0.10  0.75%
HPQ $ 24.86 3.63  17.10%
SIRI $ 3.545 0.01  0.28%
MU $ 11.39 0.47  4.30%
MSFT $ 34.15 0.46  1.33%
F $ 14.81 0.16  1.07%
QQQ $ 73.45 0.17  0.23%
GE $ 23.66 0.20  0.84%