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.

Unisys (UIS): An investor sold 2,500 July 17 calls for $2.15 and purchased about 6,400 July 19 calls for $0.95. Volume was below open interest in the 17s, indicating that a winning trade was rolled to the higher strike. It's especially bullish because they more than doubled the number of contracts owned. UIS rose 6.22 percent to $19.31. (See related story )

Bank of America (BAC): Some 23,000 January 10 calls were purchased, mostly for $0.40 and $0.41, but volume was far below open interest in the strike. BAC rose 3.62 percent to $8.02.

Vivus (VVUS): An investor sold 7,215 July 30 calls for $2.58 and bought an equal number of July 35s for $0.77. Volume was below open interest in both, so it probably results from a bullish call spread being closed. VVUS rose 0.70 percent to $28.72.

International Game Technology (IGT): A block of 12,000 July 15 puts was bought for $0.30, reflecting a belief the stock may head lower. IGT rose 1.36 percent to $15.61.

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 , IGT , UIS , VVUS

More from optionMONSTER




Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by