Largest option buying in equities so far
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 $16.78.
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.