Largest option buying in equities
David Russell | [email protected]
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.
Micron (MU): More than 28,000 January 15 calls were bought, mostly for $1.41 to $1.47, as investors continue to position for upside in the memory-chip maker. MU fell 0.40 percent to $13.64.
Facebook (FB): A block of 60,000 January 2015 32 calls was sold for $2.18 and 60,000 January 2015 22 puts were bought for $2.50. Known as a collar, the trade cost $0.32 and will hedge against a pullback in the social-media stock. FB dropped 0.95 percent to $25.93.
Dell (DELL): More then 25,000 August 14 calls were bought, mostly for $0.08, but volume was well below open interest at the strike. DELL is down 0.53 percent to $13.05.
Bulls are chasing momentum in Micron
August 26, 2016
Traders are looking for the uptrend to continue in the memory-chip manufacturer, which has surged 36 percent in the last three months.
Calls follow uptrend in Micron Technology
August 18, 2016
The memory-chip maker is up 54 percent in the last three months, and traders are looking for the upward momentum to continue.
Micron Technology gets show of support
August 17, 2016
The memory-chip maker has skyrocketed recently, and traders apparently believe that shares will hold their ground in the next three months.