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.

Williams (WMB): Volume surged in the January 45 calls and the January 50 calls as an investor apparently closed a winning position at the lower strike and rolled it higher. He or she collected a credit of $0.54 in the process and remains exposed to further gains in the pipeline stock. WMB fell 0.57 percent to $37.67.

Barrick Gold (ABX): Some 10,000 January 2015 25 calls were bought for $2.17 and an equal number of January 2015 35 calls were bought for $0.85. The trader was either opening a new bullish call spread or closing a previous call credit spread. Either way, the trade reflects a belief the stock will rebound above $25 over the long run. ABX fell 3.31 percent to $19.27.

Trina Solar (TSL): Some 15,000 June 5 puts were bought for $0.06 to $0.11. Volume was below open interest at the strike, so the investor was probably closing a short position profitably after the stock rallied. TSL rose 10 percent to $7.49.



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.

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This article appears in: Investing , Options

Referenced Stocks: WMB

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Referenced

100%

Most Active by Volume

84,725,997
  • $6.69 ▼ 5.11%
68,180,500
  • $3.38 ▼ 1.74%
52,748,572
  • $99.02 ▲ 1.38%
40,996,811
  • $74.92 ▼ 0.36%
37,831,986
  • $15.50 ▼ 0.58%
34,013,720
  • $31.98 ▼ 4.31%
32,417,159
  • $25.59 ▼ 0.78%
31,985,971
  • $54.87 ▲ 1.20%
As of 7/28/2014, 04:05 PM