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.
Wells Fargo (WFC): An investor sold 39,000 April 40 calls for $0.11 and rolled the position the May 40s, which he or she bought for $0.20. The trade cost $0.09 and gives them an additional month of upside exposure. WFC rose 2.53 percent to $37.91.
Bank of America (BAC): More than 50,000 April 13 calls were purchased, mostly for $0.21 to $0.26, as investors look for upside in the share price. BAC rose 3.39 percent to $12.52.
Freescale Semiconductor (FSL): More than 12,000 March 16 calls were bought for $0.05, but volume was below open interest. That suggests an existing short position was closed. FSL dropped 2.39 percent to $15.53.
Weatherford International (WFT): An investor bought 5,000 March 12 puts for $0.04 against open interest and sold 5,000 April 12 puts for $0.39, rolling a short position forward in time. He or she collected an incremental credit of $0.35 and have an additional month in the trade. WFT rose 1.75 percent to $12.22.
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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
