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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Referenced

83%
76%

Most Active by Volume

7,903,280
  • $62.84 ▲ 2.41%
5,320,743
  • $4.445 ▲ 0.57%
2,984,534
  • $87.88 ▲ 1.29%
2,880,591
  • $16.49 ▲ 0.73%
2,843,946
  • $3.18 ▲ 0.32%
2,748,773
  • $566 ▲ 7.86%
2,268,281
  • $77.67 ▼ 3.77%
2,067,022
  • $26.3481 ▼ 0.27%
As of 4/24/2014, 09:35 AM