Largest option buying in equities so far

By David Russell,

Shutterstock photo

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.

Alcoa (AA): There is heavy buying in the April 10 calls and the May 10 calls as investors look for the metal producer to rally in coming weeks. AA rose 3.23 percent to $10.22.

Hewlett-Packard (HPQ): Traders bought more than 10,000 May 25 calls, mostly for $0.67 to $0.75, looking for upside in the stock. HPQ rose 6.41 percent to $24.91

Freeport-McMoRan Copper & Gold (FCX): Almost 30,000 April 37 puts traded for $0.86 to $0.90, but volume was below open interest in the strike. FCX rose 4.64 percent to $37.44.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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

This article appears in: Investing Options
Referenced Stocks: AA , FCX , HPQ

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