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.


Johnson & Johnson (JNJ): A block of 5,000 August 87.50 puts was bought for $0.48 and an equal number of August 85 puts was sold for $0.20. Known as a put spread, the trade cost $0.28 and will earn a maximum profit of 793 percent if shares close to $85 or lower in expiration. JNJ fell 0.16 percent to $90.26.

Dell (DELL): Buyers snapped up almost 19,000 August 14 calls for $0.08, but volume was below open interest at the strike. DELL slid 1.31 percent to $12.85.

NRG Energy (NRG): Blocks of 3,000 contracts each traded in the January 27 calls and January 32 calls. It appears that an existing bullish call spread was closed for a credit of $2.20. NRG fell 0.38 percent to $28.68.

Bank of America (BAC): More than 50,000 of the July 14 calls traded, mostly for $0.16 to $0.22, but volume was below open interest at the strike. BAC rose 1.87 percent to $14.18.



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: JNJ

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