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.

Bank of America (BAC): Large blocks traded in the May 8 calls and the January 2013 10 calls, apparently the work of an investor rolling a short position to the higher strike. It was probably done against a long position in the stock as an adjustment of a covered-call trade. BAC rose 4.78 percent to $7.13.

NetApp (NTAP): An investor bought 30,000 March 30 puts and sold an equal number of March 45 calls, looking positioning for a pullback in the shares. NTAP rose 6.41 percent to $36.87.

Vale (VALE): More than 7,000 June 21 puts were bought for $1.08 as investors looked to hedge against a pullback. VALE rose 0.08 percent to $24.49.




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: BAC , NTAP , VALE

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Referenced

Most Active by Volume

156,268,903
  • $42.66 ▼ 9.25%
82,495,270
  • $15.63 ▼ 1.39%
75,237,775
  • $109.14 ▼ 3.50%
56,968,677
  • $34.185 ▼ 4.52%
45,203,591
  • $26.90 ▼ 3.83%
39,512,388
  • $101.44 ▼ 2.59%
39,336,657
  • $32.60 ▼ 0.61%
37,271,712
  • $24.38 ▼ 0.85%
As of 1/27/2015, 04:15 PM


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