Largest option buying in equities so far

By David Russell,

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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.

Sprint Nextel (S): Investors sold 20,000 each in the December 2.50 puts and the December 3.50 calls, looking for the stock to move sideways. S declined 2.09 percent to $2.81.

PulteGroup (PHM): Investors bought 12,000 December 6 calls for $0.35, looking for upside. PHM rose 2.55 percent to $5.62.

Ivanhoe Mines (IVN): An investor bought 3,000 March 25 calls for $3.40 and sold an equal number of March 30 calls for $1.80, looking for upside. IVN fell 5 percent to $21.26.

Gap (GPS): About 10,000 January 19 puts were bought for $0.99 to $1.07 as an investor looked for volatility to increase. GPS rose 1.32 percent to $19.91.

Ariad Pharmaceuticals (ARIA): More than 15,000 January 5 puts were bought for $0.05 to $0.15, but volume was below open interest. ARIA fell 10 percent to $10.75.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.

This article appears in: Investing Options
Referenced Stocks: ARIA , GPS , IVN , PHM , S

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