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): Investors bought the April 11 puts against
open interest and sold the May 11s, indicating that an existing
short position was rolled forward. It will profit from the stock
going higher because puts are negatively correlated to the share
price. There was also buying in the weekly 9 calls expiring this
Friday. BAC rose 3.75 percent to $8.86.
Citigroup (C): More than 6,000 May 40 calls were bought and sold
for $0.12 and $0.13 but volume was below open interest in the
strike. C rose 3.29 percent to $33.94.
Groupon (GRPN): A block of 4,978 July 16 calls were bought for
$0.70 and an equal number of July 20 calls was sold for $0.15.
Known as a vertical spread, the position will leverage a rally in
the stock. GRPN rose 0.20 percent to $13.58.
Nokia (NOK): A block of 12,000 May 5 puts was bought for $0.97 and
an equal number of May 4s were sold for $0.26. Volume was below
open interest in the 5s, indicating that a money-losing short
position was rolled to the lower strike. NOK fell 13 percent to
Morgan Stanley (MS): Some 11,500 January 2014 15 puts were bought
for $2.78 as investors sought protection on the stock. MS rose 2.89
percent to $17.81.
Kroger (KR): An investor bought 10,000 April 23 puts for $0.15, but
volume was below open interest in the strike. KR rose 1.03 percent