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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Stocks

Referenced

Most Active by Volume

23,750,028
  • $45.51 ▲ 1.09%
15,220,402
  • $13.10 ▲ 8.18%
13,958,439
  • $13.955 ▼ 3.09%
12,583,509
  • $104.865 ▲ 0.03%
11,001,086
  • $20.153 ▼ 12.83%
10,475,926
  • $97.97 ▲ 0.15%
9,859,478
  • $7.54 ▼ 10.66%
9,607,919
  • $43.082 ▲ 1.13%
As of 10/24/2014, 10:25 AM

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