Largest option buying in equities so far

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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.


MetroPCS Communications (PCS): An investor bought 30,000 August 8 calls for $0.80. He or she also sold equal numbers of the August 6 puts for $0.40 and the August 10 calls for $0.20. The trade had a net cost of $0.20 and will earn a maximum profit of 900 percent if PCS goes to $10. It also has downside risk below $6. PCS fell 4.13 percent to $7.19.

Bank of America (BAC): More than 100,000 8 weekly calls expiring tomorrow were purchased, mostly for $0.02 and $0.03. Volume was almost triple open interest in the strike. BAC rose 0.52 percent to $7.77.

Cisco Systems (CSCO): An investor bought about 130,000 October 19 calls for $0.54 and sold an equal number of October 16 puts for $0.77. Volume was more than 26 times open interest in both strikes. It resulted in a credit of $0.23 and will profit from shares pushing higher. CSCO is down 9.11 percent to $17.07.



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 , CSCO , PCS

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23,719,821
  • $15.72 ▼ 1.38%
11,220,515
  • $102.5099 ▼ 0.85%
11,089,090
  • $109.76 ▼ 0.55%
7,582,327
  • $24.06 ▼ 1.84%
7,183,350
  • $87.25 ▼ 1.02%
7,171,177
  • $23.57 ▼ 3.91%
6,972,706
  • $9.5051 ▼ 0.68%
6,616,240
  • $4.51 ▲ 48.84%
As of 9/4/2015, 10:17 AM

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