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.

BP (BP): An investor purchased about 5,800 April 41 puts for $0.45, positioning for lower prices. Volume was more than triple open interest in the strike. BP rose 0.19 percent to $47.63.

Barrick Gold (ABX): More than 9,000 March 49 calls were bought for $1.07 as investors look for higher prices. ABX rose 1.42 percent to 49.20.

Citigroup (C): More than 4,400 March 31 puts were bought for $0.30 as traders sought protection against the shares dropping. C rose 1.25 percent to $33.34.

Gilead Sciences (GILD): More than 14,000 April 47 calls were purchased for about $2.14 and an equal number of April 50 calls were sold for about $1. Known as a bullish call spread, it cost about $1.14 and has the potential to triple their money on if the stock goes to $50. GILD rose 2.43 percent to $46.29. (See related story )

General Electric (GE): More than 6,500 January 17.50 puts were bought, mostly for $1.41, as investors look for a pullback or increased volatility. GE rose 0.31 percent to $19.13.



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: ABX , BP , C , GE , GILD

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Referenced

Most Active by Volume

76,804,975
  • $63.93 ▲ 0.85%
56,138,918
  • $3.35 ▼ 0.45%
52,878,077
  • $15.69 ▲ 5.66%
50,540,730
  • $64.97 ▲ 3.52%
45,147,565
  • $15.60 ▲ 0.13%
38,745,424
  • $32.89 ▼ 0.72%
37,512,306
  • $26.32 ▼ 0.19%
35,614,433
  • $95.39 ▲ 0.04%
As of 7/9/2014, 04:08 PM