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.
Bank of America (BAC): Almost 68,000 April 9 calls traded, mostly
for $0.44 to $0.49, as investors positioned for the shares to keep
rising. BAC rose 2.77 percent to $9.09.
Neurocrine Biosciences (NBIX): About 10,000 April 70 puts were
bought for $0.50, matched against the sale of 5,000 April 9 calls
for $0.70. The strategy will leverage downside in the stock, and is
probably being used to hedge a long position. NBIX rose 2.45
percent to $8.36.
Oracle (ORCL): About 10,000 April 32 calls were bought for $0.31 as
investors look for upside in the software giant. ORCL rose 0.20
percent to $29.90.
United Parcel Service (UPS): almost 8,000 April 80 calls were
bought for $0.51 to $0.54, but volume was below open interest in
the strike. UPS fell 0.19 percent to $78.09.
ConocoPhillips (COP): About 20,000 August 70 puts were bought for
$2.15 and a matching number of August 60 puts were sold for $0.65.
Known as a bearish put spread, the position will profit from
downside in the energy stock and followed a similar transaction
yesterday. COP fell 1.11 percent to $76.65.
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