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.
BP (BP): An investor exited a winning position in the July 42 calls, selling 7,500 contracts for $ 2.35. He or she then upsized it, rolling into 19,500 July 45 calls for $ 0.71 in hope that the energy giant will keep climbing. BP rose 1.26 percent to $ 44.08.
American International Group (AIG): More than 16,000 August 45 calls were bought, mostly for $ 2.24, as investors look for more upside in the insurance stock. AIG rose 5.25 percent to $ 44.34.
Freeport-McMoRan Copper & Gold (FCX): Some 15,000 June 27 puts were purchased, mostly for $ 0.28. Volume was below open interest at the strike, so the investor may have closed an existing short position after the metal producer bounced. FCX rose 3.62 percent to $ 31.44.
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