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.


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

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Referenced

Most Active by Volume

71,516,687
  • $15.31 ▼ 0.71%
70,751,657
  • $32 ▲ 6.38%
52,690,101
  • $15.98 ▼ 0.19%
42,003,007
  • $8.57 ▲ 4.51%
38,202,273
  • $123.25 ▼ 0.80%
33,193,564
  • $40.97 ▼ 0.58%
31,456,406
  • $105.52 ▲ 0.40%
30,445,885
  • $5.67 ▼ 4.55%
As of 3/27/2015, 04:15 PM


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