Largest option buying in equities so far

By
A A A

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.




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 , COP , NBIX , ORCL , UPS

optionMONSTER

optionMONSTER

More from optionMONSTER:

Related Videos

Stocks

Referenced

Most Active by Volume

136,198,137
  • $115.31 ▲ 5.65%
103,116,984
  • $15.20 ▼ 2.75%
81,757,115
  • $41.19 ▼ 3.45%
78,208,076
  • $46.46 ▼ 3.19%
60,516,816
  • $6.56 ▼ 11.95%
48,269,719
  • $23.84 ▼ 2.21%
47,750,660
  • $7.20 ▼ 2.96%
45,156,204
  • $32.68 ▼ 0.40%
As of 1/28/2015, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com