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.

Plains Exploration & Production (PXP): An investor bought 10,348 May 40 calls for $3.40 and sold 10,348 May 30 puts for $2.05. The trade cost $1.35 and will leverage a move to the upside while also resulting in downside risk. PXP rose 2.12 percent to $37.03.

Advanced Micro Devices (AMD): More than 11,000 March 3 calls were purchased, mostly for $0.46 to $0.50, as investors look for the chip maker to rally. AMD rose 1.75 percent to $3.21. (See related story )

Sprint Nextel (S): More than 60,000 November 6 calls were bought for $0.28 to $0.46 as investors look for the stock to rally. S is up 18 percent to $5.96.

MetroPCS Communications (PCS): Almost 14,000 contracts traded in the October 11 puts, but volume was below open interest at the strike. PCS fell 6.15 percent to $11.30.



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: AMD , PCS , PXP , S

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Stocks

Referenced

84%
75%

Most Active by Volume

89,851,277
  • $17.05 ▲ 0.12%
61,694,953
  • $39.05 ▲ 1.03%
61,622,467
  • $102.64 ▲ 1.56%
56,476,509
  • $3.48 ▼ 1.14%
49,282,352
  • $5.31 ▲ 3.91%
37,301,083
  • $87.17 ▼ 3.03%
36,192,897
  • $78.29 ▲ 1.94%
33,401,171
  • $38.83 ▼ 1.89%
As of 9/23/2014, 04:15 PM

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