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.
Corning (GLW): Some 62,000 January 15 calls were purchased for
$0.01 and $0.02 but volume was below open interest at the strike.
GLW rose 1.06 percent to $11.02.
JP Morgan (JPM): More than 15,000 January 2014 55 calls were bought
for $0.67 as investors position for long-term upside in the
financial giant. JPM rose 2.34 percent to $40.45.
Bank of America (BAC): More than 40,000 December 10 calls were
purchased for $0.14 and $0.15 as investors look for the bank to
rally. BAC rose 3.95 percent to $9.48.
Southwest Airlines (LUV): Some 18,000 January 7.50 puts were bought
for $0.10. A large block of shares also traded around the same
time, indicating the use of a delta-neutral trade that profits from
implied volatility increasing. LUV rose 1.09 percent to $9.03.
Charles Schwab (SCHW): Some 15,000 December 12 puts were bought for
$0.15 but volume was below open interest at the strike. SCHW rose
0.47 percent to 12.84.
Intel (INTC): Some 10,000 December 19 puts were bought for $0.18 as
investors brace for further downside in the chip maker. INTC rose
0.84 percent to $20.36.
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.
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