Largest option buying in equities so far

By David Russell,

Shutterstock photo

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.

Chesapeake (CHK): More than 14,000 September 14 puts were bought for $0.55 to $0.64 as investors look for the stock to push lower. CHK rose 3.59 percent to $17.90.

General Electric (GE): Investors purchased almost 12,000 September 21 calls, most of which priced for $0.30, but volume was far below previous positioning in the contract. GE rose 2.10 percent to $20.42.

Dell (DELL): More than 10,000 January 15 calls were purchased for $0.19 as investors look for upside in the share price. DELL rose 3.13 percent to $11.85.

Bank of America (BAC): Some 19,000 August 8 calls were purchased, mostly for $0.04 and $0.05, but volume was below open interest at the strike. BAC rose 1.56 percent to $7.18.

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 , CHK , DELL , GE

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