Largest option buying in equities so far

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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.

Applied Materials (AMAT): More than 35,000 January 12.50 calls were purchased as investors position for upside in the maker of semiconductor gear. AMAT rose 1.79 percent to $10.79.

Bank of America (BAC): Almost 27,000 weekly 9.50 calls expiring tomorrow were purchased, mostly for $0.05, as investors look for the financial giant to climb in the short term. BAC rose 1.72 percent to $9.48.

General Motors (GM): Some 10,000 March 26 calls were purchased, mostly for $1.89, as investors look for the automaker to rally. GM fell 0.69 percent to $25.33.

J.C. Penney (JCP): An investor purchased 12,500 December 24 puts for $2.03 and sold 25,000 December 20 puts for $0.66. Known as a ratio spread, the trade cost $0.71 and will earn a maximum profit of 463 percent if the retailer falls to $20 on expiration. JCP rose 1.58 percent to $24.39.



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: AMAT , BAC , GM , JCP

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