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
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.
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