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.
U.S. Steel (X): About 10,000 July 30 calls were bought for $1.63 as
investors look for upside in the stock. X rose 3.51 percent to
Zions Bancorporation (XION): An investor bought about 6,900
contracts each in the March 18 puts for $0.15 and the March 19
calls for $0.30. Known as a strangle, the trade is designed to
profit from a big move higher or lower by the end of next week.
ZION rose 1.93 percent to $19.05. (See
Saleforce.com (CRM): A block of 7,000 April 150 calls were bought
for $5.40 and an equal number of April 170 calls were sold for
$0.70. The call spread will earn more than 300 percent if the stock
closes at or above $170 on expiration. CRM rose 0.64 percent to
Bank of America (BAC): Almost 14,000 March 9 calls were bought for
$0.01 as investors looked for a rally over the next six sessions.
BAC rose 1.24 percent to $8.16.
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.
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