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

183,639,073
  • $42.32 ▲ 3.85%
82,623,623
  • $15.99 ▼ 22.79%
39,547,942
  • $119 ▲ 1.19%
32,107,751
  • $77.62 ▲ 2.63%
29,684,848
  • $10.60 ▲ 2.02%
27,615,309
  • $24.03 ▲ 0.38%
26,917,669
  • $31.10 ▲ 2.07%
26,464,306
  • $47.75 ▲ 0.59%
As of 11/26/2014, 04:15 PM

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