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.
McMoRan Exploration (MMR): More than 8,000 July 11 calls were
bought for $0.29 and $0.30 as investors look for the stock to
rally. MMR rose 3.10 percent to $8.98.
Cisco Systems (CSCO): Almost 6,000 June 16 puts were bought for
$0.03, but volume was below open interesting, suggesting an
existing short position was closed. CSCO rose 1.85 percent to
James River Coal (JRCC): Volume surged in the June 3 puts and the
June 2 puts as an existing bearish position was apparently rolled
to the lower strike, resulting in a credit of $0.85. JRCC rose 2.49
percent to $1.96.
AT&T (T): Investors bought 20,000 January 34 calls for $1.69
and sold an equal number of January 22.50 puts for $0.27. While
bullish, it isn't clear whether a position was initiated or closed
below volume was below open interest at both strikes. T fell 0.17
percent to $34.53.