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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Referenced

Most Active by Volume

44,823,339
  • $75.19 ▲ 0.28%
43,744,171
  • $3.44 ▼ 0.29%
42,340,022
  • $97.671 ▲ 0.66%
34,178,145
  • $17.62 ▼ 1.23%
34,028,998
  • $15.59 ▼ 0.19%
32,055,708
  • $21.23 ▼ 2.41%
31,539,235
  • $3.76 ▲ 0.80%
30,434,619
    $34.25 unch
As of 7/25/2014, 04:03 PM