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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Stocks

Referenced

Most Active by Volume

64,159,633
  • $100.86 ▼ 0.76%
63,552,623
  • $16.71 ▼ 0.18%
60,140,251
  • $42.71 ▲ 0.38%
52,385,870
  • $17.51 ▲ 5.86%
50,329,585
  • $13.75 ▲ 29.84%
43,337,551
  • $16.16 ▼ 1.40%
40,126,911
  • $3.605 ▲ 0.56%
39,836,742
  • $3.81 ▼ 2.56%
As of 9/16/2014, 04:15 PM

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