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Largest option buying in equities so far

Posted
7/9/2012 11:46:00 AM
By: optionMONSTER
Referenced Stocks:CNX;EA;FMCN

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.

Electronic Arts (EA): More than 6,000 December 14 calls were bought for $0.61 as investors position for upside in the share price. EA fell 1.75 percent to $11.81.

Focus Media (FMCN): An investor sold 10,700 January 17.50 puts for $1.85 and bought 10,700 January 30 calls for $1.30. While bullish, it's not clear whether the position was initiated or closed because volume was below open interest. FMCN fell 1.21 percent to $21.98.

Horizon Pharma (HZNP): More than 6,800 November 7.50 calls were purchased, mostly for $0.80 and $0.90, as investors look for the shares to push higher. HZNP fell 3.13 percent to $7.73.

Consol Energy (CNX): Some 3,600 July 30 puts were bought for $0.51 to $0.63, but volume was below open interest in the strike. CNX fell 1.48 percent to $30.60.