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Largest option buying in equities so far

By: optionMONSTER
Posted: 5/21/2013 11:17:00 AM
Referenced Stocks: WMB

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.

Williams (WMB): Volume surged in the January 45 calls and the January 50 calls as an investor apparently closed a winning position at the lower strike and rolled it higher. He or she collected a credit of $0.54 in the process and remains exposed to further gains in the pipeline stock. WMB fell 0.57 percent to $37.67.

Barrick Gold (ABX): Some 10,000 January 2015 25 calls were bought for $2.17 and an equal number of January 2015 35 calls were bought for $0.85. The trader was either opening a new bullish call spread or closing a previous call credit spread. Either way, the trade reflects a belief the stock will rebound above $25 over the long run. ABX fell 3.31 percent to $19.27.

Trina Solar (TSL): Some 15,000 June 5 puts were bought for $0.06 to $0.11. Volume was below open interest at the strike, so the investor was probably closing a short position profitably after the stock rallied. TSL rose 10 percent to $7.49.