Largest option buying in equities so far


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.

MGM Resorts International (MGM): Some 13,000 May 13 calls were bought for $0.19 to $0.21 as investors look for upside in the share price. MGM fell 3.10 percent to $13.13.

Intel (INTC):  Investors bought more than 25,000 July 30 calls, but volume was below open interest in the strike. INTC fell 0.05 percent to $28.96.

U.S. Natural Gas (UNG): Some 6,400 May 19 puts were bought for $2.44 and an equal number of May 18 puts were sold for $1.58. The trade cost $0.86 and will earn about 16 percent if UNG stays below $18 through expiration. UNG rose 4.74 percent to $16.95. (See related story )

Chesapeake Energy (CHK): Some 7,500 January 45 calls were bought for $0.10 and $0.11. Volume was below open interest, so it probably results from an existing short position being closed. CHK rose 1.72 percent to $17.03

AES (AES): A block of 7,750 January 12.50 puts was bought for $1.30, but volume was below open interest in the strike. AES is unchanged at $12.31.

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: AES , CHK , INTC , MGM , UNG

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