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.
Sprint (S): Volume surged in the May 10 calls, the May 11 calls
and the May 12 calls as an investor implemented a butterfly
trade. He or she paid $0.12 and stands to earn about 700 percent
if the wireless stocks return to $11 by expiration.
S rose 2.84 percent to $9.23.
Vivus (VVUS): Traders sold the June 6 calls for $0.64 and the
June 7 calls for $0.29, looking to earn premium as the shares
rebound. VVUS rose 2.09 percent to $5.85.
Travelers (TRV): An investor sold about 1,600 May 82.50 puts and
bought a matching number of May 77.50s. The put credit spread
generated income of $1, which will be his or her profit if the
insurer remains holds its ground through the spring. TRV rose
0.08 percent to $83.50.
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