Markets

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.

Bank of America (BAC): Investors bought about 13,000 August 6 calls for $0.62 to $0.64, looking for upside in the shares. BAC fell 3.08 percent to $5.04.

Home Depot (HD): An investor sold more than 21,000 January 39 puts for $0.53 and bought an equal number of January 30 puts for $0.10, apparently rolling a short position to the higher strike. The trade reflects a belief that downside will be minimal over the next five weeks. HD rose 0.20 percent to $40.50. (See related story )

Research In Motion (RIMM): Almost 7,000 March 17.50 calls were bought for $0.65, but volume was below open interest in the strike. RIMM fell 2.53 percent to $13.10.

Cisco Systems (CSCO): About 7,000 February 18 puts were bought for $1.09 to $1.10 as an investor positioned for the shares to head lower. CSCO fell 0.72 percent to $17.81.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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