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.

Williams (WMB): Blocks of 25,024 contracts each traded in the October 37 calls for $0.75 and the November 39 calls for $0.79. It's not clear if the position was opened or closed, but it's bullish and reflects a belief that the shares will continue higher in coming weeks. WMB fell 0.14 percent to $36.43.

Bank of America (BAC): More than 22,000 October 10 calls were bought for $0.07 to $0.09 as investors position for continued upside in the giant U.S. lender. BAC rose 2.74 percent to $9.36.

Citigroup (C): An investor bought 10,000 December 32 puts for $1.09 and sold an equal number of December 28 puts for $0.37. Known as a put spread, the trade cost $0.72 and will earn a maximum profit of 456 percent if the stock closes at or below $28 on expiration. C rose 2.41 percent to $34.88.

Hewlett-Packard (HPQ): Volume surged in the October 14 puts and the 15 weekly puts expiring tomorrow as traders position for continued downside in the beaten-down computer maker. HPQ fell 2.75 percent to $14.50.




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 , C , HPQ , WMB

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Stocks

Referenced

Most Active by Volume

85,117,424
  • $6.78 ▲ 11.88%
77,261,676
  • $17.53 ▲ 1.56%
61,066,548
  • $6.90 ▲ 2.99%
56,847,440
  • $112.65 ▲ 2.96%
52,788,366
  • $7.78 ▲ 1.83%
50,761,400
  • $25.14 ▲ 2.91%
47,781,237
  • $45.35 ▲ 10.18%
45,664,909
  • $7.17 ▲ 2.14%
As of 12/18/2014, 04:15 PM


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