Largest option buying in equities so far


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 $26.84. (See related story )

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 related story ) (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 $147.02.

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.

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

This article appears in: Investing , Options

Referenced Stocks: BAC , CRM , X

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