Learn the trade here. Make it on tradeMONSTER

Options Trading News

December 29, 2011  Thu 10:31 AM CT

GDXJ: SEE CHART GET CHAIN FIND STRATEGIES
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.

Market Vectors Junior Gold Miners (GDXJ): One investor bought 9,000 May 28.63 calls for $1.30, looking for upside in the fund. GDXJ rose 1.54 percent to $23.37.

Teva Pharmaceutical Industries (TEVA): A block of 6,800 June 47.50 calls were bought for $0.60, but volume was below open interest in the strike. TEVA fell 1.43 percent to $40.21.

Lowe's (LOW): About 10,000 February 25 puts were bought for $0.89 to $0.92 as investors looked to hedge against a potential drop. LOW rose 1.82 percent to $25.52.

On Semiconductor (ONNN): A block of 16,000 January 5 puts was bought for $0.05 against open interest, probably the work of an investor closing a short position. ONNN rose 1.93 percent to $7.67.

General Growth Properties (GGP): A block of 15,000 February 14 puts was purchased for $0.64 as an investor looked for downside in the stock. GGP rose 1.09 percent to $14.88.

Share this article with your friends


TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinar Series

The 100K Challenge

Education & Strategy

Anatomy of a butterfly

One of the many esoterically named option strategies is known as a "butterfly." But don't be fooled: Like other advanced...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER