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.

Kinross Gold (KGC): Investors bought the November 7 calls for $0.13 and sold the November 5 calls for $0.40. It appears they were rolling short positions lower, earning extra income and betting that there is little upside in the share price. KGC fell 5.60 percent to $4.55.

Morgan Stanley (MS): More than 6,800 July 24 puts were bought, mostly for $0.59, as traders look for the investment bank to head lower. MS fell 0.52 percent to $24.90.

Bank of America (BAC): Some 6,000 July 11 puts were bought, mostly for $0.04, but volume was far below open interest at the strike. BAC rose 0.32 percent to $12.71.

Disclosure: I own MS shares.



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: KGC

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As of 8/21/2014, 04:03 PM

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