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.

Ctrip.com International (CTRP): A position in 8,000 April 23 puts was sold and rolled to the May 23s for a net cost of $0.65. The trade gives the investor an additional month of downside protection. CTRP rose 0.90 percent to $21.30. (See related story )

Total (TOT): More than 17,000 May 55 calls traded for $0.05 but volume was below open interest in the strike. TOT rose 0.94 percent to $48.17.

Zynga (ZNGA): A surge of activity was detected in the May 10, May 11, May 12 and May 13 calls. It appears that a market-neutral strategy was rolled from the 10s and 11s to the higher strikes. ZNGA fell 0.57 percent to $9.52.

Bank of America (BAC): More than 16,000 May 10 calls were bought, mostly for $0.06 and $0.07, but volume was far below open interest in the strike. BAC fell 2.74 percent to $8.53.

AT&T (T): Some 18,000 May 25 puts were bought for $0.04 as investors braced for a pullback in the stock or an increase in volatility. T rose 0.86 percent to $31.

Alcoa (AA): More than 9,000 January 7.50 puts changed hands, mostly for $0.40, but volume was below open interest in the strike. AA rose 0.28 percent to $9.78.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.



This article appears in: Investing , Options
More Headlines for: BAC , CTRP , T , TOT , ZNGA


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