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.


MannKind (MNKD): An investor closed a short position in the January 5 calls and rolled it up to the January 9 strike at a cost of $1.15. He or she probably owns shares and now has the right to sell them for $4 more. More than 31,000 contracts traded at both strikes. MNKD rose 18 percent to $6.32.

Huntsman (HUN): Some 22,000 June 19 calls were sold for $1.30 and an equal number of July 20 calls were bought for $1.15. Volume was below open interest in the 19s, indicating that a long position was closed and rolled to the higher strike. The investor collected a credit of $0.15 and has an additional month of upside exposure. HUN rose 0.20 percent to $19.75.

J.C. Penney (JCP): A block of 5,000 June 15 puts were bought as an investor positions for downside in the department-store operator. JCP rose 1.69 percent to $19.30.



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: MNKD

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Referenced

Most Active by Volume

101,319,718
  • $15.65 ▼ 1.82%
48,279,920
  • $109.27 ▼ 1.00%
47,537,597
  • $9.49 ▼ 0.84%
44,316,873
  • $102.16 ▼ 1.19%
40,512,465
  • $22.75 ▼ 7.26%
36,046,885
  • $42.61 ▼ 2.05%
34,960,034
  • $24 ▼ 2.08%
31,987,885
  • $16.82 ▲ 1.39%
As of 9/4/2015, 04:15 PM

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