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): Some 100,000 November 9 calls were purchased for $0.25 and a similar number of November 10 calls were sold for $0.07. That's a bullish call spread for a cost of $0.18, with a maximum profit of 455 percent on a move back to $10. BAC rose 4.40 percent to $8.30.

Banco Santander (SAN): Almost 25,000 January 2014 12 calls were purchased, mostly for $0.35, as traders position for long-term gains in the Spanish lender. SAN rose 4.17 percent to $7.49.

Facebook (FB): More than 60,000 September 19 weekly calls expiring tomorrow were purchased, mostly for $0.20 to $0.35, as investors look for a quick rally in the share price. FB rose 2.18 percent to $19.99

General Electric (GE): Some 7,400 September 20 puts were bought, but volume was far below open interest. GE rose 2.62 percent to $21.19.

J.C. Penney (JCP): Volume surged in the October 25 puts and the October 22 puts as investors look for the shares to push lower. JCP rose 3.48 percent to $27.35.



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: BAC , FB , GE , JCP , SAN

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Referenced

72%
70%
91%
60%
100%

Most Active by Volume

110,219,031
  • $6.79 ▲ 14.31%
104,982,008
  • $11.83 ▲ 12.35%
95,065,355
  • $3.40 ▲ 0.59%
79,694,763
  • $36.59 ▲ 2.64%
49,037,292
  • $39.90 ▲ 5.81%
47,069,528
  • $15.34 ▼ 1.03%
43,387,835
  • $6.56 ▼ 1.94%
42,066,487
  • $98.38 ▼ 0.65%
As of 7/29/2014, 04:04 PM