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.

BP (BP): An investor exited a winning position in the July 42 calls, selling 7,500 contracts for $2.35. He or she then upsized it, rolling into 19,500 July 45 calls for $0.71 in hope that the energy giant will keep climbing. BP rose 1.26 percent to $44.08.

American International Group (AIG): More than 16,000 August 45 calls were bought, mostly for $2.24, as investors look for more upside in the insurance stock. AIG rose 5.25 percent to $44.34.

Freeport-McMoRan Copper & Gold (FCX): Some 15,000 June 27 puts were purchased, mostly for $0.28. Volume was below open interest at the strike, so the investor may have closed an existing short position after the metal producer bounced. FCX rose 3.62 percent to $31.44.



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: BP

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Stocks

Referenced

68%

Most Active by Volume

4,505,042
  • $8.32 ▼ 9.96%
3,440,264
  • $15.37 ▼ 0.45%
3,027,072
  • $51.19 ▼ 1.20%
2,860,416
  • $9.71 ▼ 3.06%
2,781,358
  • $64.9199 ▲ 0.07%
2,607,944
  • $95.2899 ▲ 0.27%
2,274,614
  • $16.2303 ▼ 4.86%
2,267,633
  • $31.22 ▼ 0.13%
As of 7/11/2014, 09:40 AM