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.
PulteGroup (PHM): An investor purchased 15,000 January 2014 15
calls for $3.75, and sold an equal number of January 2014 25 calls
for $0.95. The call spread cost $2.80 and will earn a profit of 257
percent if the homebuilder closes at $25 or higher by early 2014.
PHM fell 1.61 percent to $15.30.
Ford Motor (F): More than 14,000 September 10.50 calls were
purchased, mostly for $0.05 and $0.07, as investors look for upside
in the share price. F dropped 0.22 percent to $10.19.
MGM Resorts (MGM): An investor bought back 4,000 September 11 puts
for $0.33 against open interest and sold an equal number of March
11 puts for $1.35, rolling a short position into early next year.
They collected a credit of $1.02 in the process. MGM fell 0.91
percent to $10.86.
EMC (EMC): Some 7,000 January 25 puts were bought for $0.95 and
$0.97, but volume was far below open interest at the strike. EMC
fell 0.26 percent to $27.24.
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