Largest option buying in equities so far

By David Russell,

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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): Volume surged in the June 14 calls and the September 14 calls as an investor rolled a bullish long position forward in time. He or she paid $0.43 to extend their trade by three months. BAC rose 0.82 percent to $13.46.

Smithfield Foods (SFD): More than 18,000 January 30 calls were bought for $3.70 to $3.90 as investors positioned for upside in the meat processor after it agreed to a $7.1 billion Chinese buyout. SFD rose 25 percent to $32.47.

Neptune Technologies & Bioresources (NEPT): A block of 7,000 June 2.50 calls was purchased for $0.55 but volume was below open interest at the strike. NEPT fell 0.36 percent to $2.79.

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
Referenced Stocks: BAC

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