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): Investors bought almost 15,000 January 11 calls, mostly for $0.11, looking for upside in the shares. BAC rose 2.94 percent to $8.39.

Valero Energy (VLO): An investor sold 10,000 January 40 calls for $0.22 and bought an equal number of march 40 calls for $0.45. The trade reflects a desire to be long the refinery stock over the long run. VLO rose 1.34 percent to $30.15.

NRG Energy (NRG): More than 7,000 March 25 calls traded against no previous open interest. Most of which were bought for $0.95 as investors look for upside in the share price. NRG rose 1.62 percent to $22.62.

CBRE Group (CBG): A block of 18,000 October 17 puts were purchased for $0.60 as investors look to hedge against a decline in the share price. CBG rose 1.61 percent to $18.35.

Home Depot (HD): Almost 20,000 September 55 puts were bought for $0.57 to $0.62, against open interest of 8,736 contracts. They will make money from the shares dropping, so the buyer is looking for downside in the home-improvement chain. HD rose 0.21 percent to $56.69.

Best Buy (BBY): More than 9,500 September 13 puts were bought, mostly for $0.11, but volume was below open interest in the strike. BBY declined 4.85 percent to $17.28.



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 , CBG , HD , NRG , VLO

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Referenced

72%
100%
83%
100%
86%

Most Active by Volume

56,884,805
  • $46.95 ▲ 21.66%
20,618,086
  • $15.42 ▲ 0.52%
16,734,662
  • $3.435 ▲ 1.03%
14,860,247
  • $29.155 ▼ 1.07%
13,814,428
  • $36.64 ▲ 2.69%
13,253,696
  • $32.53 ▲ 17.56%
12,883,887
  • $7.93 ▼ 0.88%
12,731,215
  • $74.77 ▲ 1.44%
As of 7/30/2014, 10:57 AM