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.

Bank of America (BAC): An investor sold 30,000 February 8 puts for $0.39 and bought an equal number of February 10 calls for $0.41. Volume was below open interest at both strikes, so the activity may result from a new bullish trade being implemented or an existing bearish trade being closed. BAC rose 0.11 percent to $8.97.

Microsoft (MSFT): Volume surged in the January 29 calls for $1.77 to $1.81 as investors positioned for upside in the software giant. MSFT rose 0.61 percent to $29.67.

Covanta (CVA): An investor bought 7,500 March 17.50 calls for $0.70 and sold an equal number of March 15 puts for $0.30, looking for the stock to rally into early 2013. CVA fell 0.29 percent to $17.12. (See related story )

Pfizer (PFE): A block of 20,000 December 25 puts were bought for $0.65, followed by a large trade in the shares. That is consistent with a directional-neutral volatility play that will profit from higher option premiums rather than move up or down. PFE rose 0.22 percent to $25.09. (See related story )



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.

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This article appears in: Investing , Options

Referenced Stocks: BAC , CVA , MFST , PFE

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Referenced

Most Active by Volume

89,970,926
  • $16.15 ▲ 0.12%
77,131,582
  • $58.94 ▼ 1.31%
67,336,935
  • $26.56 ▲ 1.68%
48,814,124
  • $86.20 ▲ 0.02%
47,526,126
  • $23.21 ▲ 0.78%
44,660,424
  • $23.91 ▲ 6.36%
38,799,699
  • $4.289 ▲ 4.36%
36,199,890
  • $40.01 ▼ 0.97%
As of 4/17/2014, 04:07 PM