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.
Dendreon (DNDN): Some 10,000 July 4 puts were bought for $0.30 as
the drug maker pushed higher. That suggests investors are using the
contracts to hedge new long positions in the stock. DNDN rose 4.75
percent to $4.21.
Microsoft (MSFT): An investor bought 14,000 January 2015 42 calls
for $1.51 and sold an equal number of January 2015 37.50 calls for
$2.91. Volume was below open interest at both strikes, so an
existing bullish call spread may have been closed. MSFT rose 0.80
percent to $35.12.
Elan (ELN): A block of 5,000 July 12 calls was purchased for $1.60
as investors look for upside in the Irish drug maker. ELN fell 2.95
percent to $13.16.