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.

Qualcomm (QCOM): An investor bought some 8,968 August 65 calls for $ 1.28 and sold a matching number of August 57.50 puts for $ 0.98. The trade cost $ 0.30 and is leveraged to upside in the chip maker. QCOM fell 1.89 percent to $ 61.78. (See related story )

Bank of America (BAC): Almost 20,000 13.50 weekly calls expiring next Friday were purchased, mostly for $ 0.09 to $ 0.11, as investors positioned for a short-term rally in the financial giant. BAC rose 0.68 percent to $ 13.29.

Wells Fargo (WFC): Some 8,200 June 38 puts were bought, mostly for $ 0.06, but volume was below open interest at the strike. WFC rose 1.36 percent to $ 41.28.

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Options News and Information on Yahoo! Finance

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.

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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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.

CommonWealth (:REIT): Some 5,500 May 25 calls were bought, mostly for $ 0.20, as investors look for upside in the share price. CWH fell 2.52 percent to $ 21.73.

Facebook (FB): Almost 11,000 May 32 calls were bought for $ 0.04 and $ 0.05. Volume was below open interest at the strike, but the contracts stand to generate significant leverage if the stock rallies in the near term. FB rose 3.79 percent to $ 28.47.

General Motors (GM): More than 4,000 January 25 puts were bought, mostly for $ 0.86. Volume was below open interest at the strike, so the investor may have bought back contracts they previously sold short. GM rose 4.01 percent to $ 31.39.

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Options News and Information on Yahoo! Finance

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.

Microsoft (MSFT): Some 34,000 July 27 calls were purchased, mostly for $ 5.70, but volume was below open interest. That suggests an investor closed a short position, and reflects a belief that the software giant is going higher. MSFT fell 1.33 percent to $ 32.66.

Micron Technology (MU):  A block of 32,000 October 12 calls was purchased for $ 0.34. The October 9-October 7 put spread was sold barely a minute later, so it appears the investor is looking for higher prices. MU fell 2.02 percent to $ 9.23.

Marvell Technology (MRVL): More than 7,000 May 11 calls were bought for $ 0.35 as traders position for a move higher. MRVL rose 1.58 percent to $ 10.93.

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Options News and Information on Yahoo! Finance

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.

Phillips 66 (PSX): An investor bought 10,000 May 67.50 calls for $ 0.25 and sold an equal number of May 70 calls for $ 0.05. The call spread cost $ 0.20 and could earn 1,150 percent on a move back to $ 70. PSX fell 1.57 percent to $ 60.83.

Sprint Nextel (S): Almost 11,000 August 7 calls were bought for $ 0.42 but volume was far below open interest at the strike. S fell 1.33 percent to $ 7.03.

Comcast (CMCSA): An investor bought 5,000 January 35 puts of $ 1.07 and 5,000 January 45 calls for $ 1.43, looking for volatility to increase in the media stock. CMCSA fell 0.33 percent to $ 41.36.

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Options News and Information on Yahoo! Finance