Markets

Largest option trades in equities

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.

Aruba Networks (ARUN): Almost 5,000 July 17 calls were sold, most of which priced for $0.95 to $1, as investors bet against further upside in the shares. ARUN rose 0.46 percent to $17.54.

Patterson UTI Energy (PTEN): Some 2,800 November 36 calls were purchased, mostly for $2.15, as investors look for upside in the share price. PTEN rose 1.08 percent to $34.71.

Newfield Exploration (NFX): An investor bought 8,000 September 42 puts for $2.30 and sold an equal number of September 38 puts for $0.75. It's not clear whether the position was opened or closed, but either way it reflects concern that the shares will head lower. NFX rose 0.60 percent to $42.17.

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.

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