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.

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This article appears in: Investing , Options

Referenced Stocks: MNKD

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55,414,702
  • $15.38 ▼ 0.39%
38,503,210
  • $66.34 ▲ 2.26%
36,466,704
  • $8.36 ▼ 9.52%
35,253,294
  • $26.55 ▲ 1.34%
32,752,347
  • $6.55 ▲ 1.87%
31,778,001
  • $95.22 ▲ 0.19%
28,396,556
  • $51.49 ▼ 0.62%
23,800,987
  • $42.09 ▲ 0.97%
As of 7/11/2014, 04:03 PM