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.

MetLife (MET): Volume surged in the December and March contracts as large bullish three-way strategy was extended into the future. It involves owning calls at the 35 strike, while being short the 30 puts and the 42 calls to defray the cost. MET rose 1.67 percent to $35.45. (See related story )

Williams (WMB): A block of 40,000 November 39 calls was sold for $0.23 as an investor looked to earn income from the shares. WMB falls 0.58 percent to $34.12. (See related story )

Procter & Gamble (PG): More than 25,000 October 72.50 calls were purchased for $0.07 as investors look for upside in the consumer-products company. PG falls 0.04 percent to $69.39. (See related story )

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: MET , PG , WMB

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