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.

O'Reilly Automotive (ORLY): Some 17,500 May 80 puts were bought for $1.93 and an equal number of May 10 calls were sold for $1.30. The trade cost $0.63 and will profit from the shares pushing lower. It's probably being used to protect a long position in the stock. ORLY rose 1.09 percent to $89.67. (See related story )

Nokia (NOK): More than 36,000 April 4.50 puts were bought, mostly for $0.48, as investors brace for a reversal in the share price. NOK rose 0.43 percent to $4.64.

Bank of America (BAC): Some 11,500 March 9 puts were bought, mostly for $0.03 and $0.04. Volume was below open interest, so the investor may have closed an existing short position or could be looking for a drop. BAC fell 0.18 percent to $11.33.



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 , NOK , ORLY

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Stocks

Referenced

Most Active by Volume

87,324,760
  • $7.31 ▲ 22.04%
79,329,227
  • $17.16 ▲ 0.76%
74,153,988
  • $8.87 ▼ 5.84%
49,177,672
  • $34.01 ▲ 4.39%
44,197,901
  • $101.40 ▲ 1.38%
43,197,735
  • $11.70 ▲ 3.36%
42,712,021
  • $74.99 ▲ 1.19%
42,423,171
  • $108 ▲ 0.95%
As of 10/31/2014, 04:15 PM

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