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): A block of 20,000 January 10 calls was purchased for $0.16. While the trade is bullish, volume was far below open interest at the strike. BAC rose 1.04 percent to $7.75.

Sprint Nextel (S): An investor sold 11,000 August 4 calls for $0.44 against open interest and bought 15,700 November 5 calls for $0.27. The trade is bullish because they increased the number of contracts owned and prolonged the wager by three months. S rose 3.60 percent to $4.47.

MEMC Electronic Materials (WFR): Volume surged in the August 2 puts and the August 1.50 puts as an investor exited a downside trade. It was probably intended as a hedge before the company's earnings report this morning. WFR rallied 16 percent to $2.39.

Apple (AAPL): Volume surged in the August 555 calls as investors sought to reap the company's quarterly cash dividend. AAPL rose 0.05 percent to $621.20.



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: AAPL , BAC , S , WFR

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Stocks

Referenced

Most Active by Volume

22,985,981
  • $16.245 ▲ 0.84%
20,072,007
  • $129.75 ▲ 0.62%
12,380,910
  • $6.535 ▲ 0.54%
11,886,415
  • $38.20 ▲ 0.95%
11,606,227
  • $7.96 ▼ 1.36%
11,213,893
  • $16.59 ▲ 0.30%
9,915,174
  • $21.23 ▼ 0.79%
9,152,790
  • $3.925 ▼ 0.13%
As of 5/4/2015, 11:22 AM


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