Largest option buying in equities so far
David Russell | david.russell@optionmonster.com
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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.
Symantec (SYMC): A block of 20,000 January 17.50 puts was sold for $0.81 and 20,000 January 20 calls were bought for $0.89. The strategy is similar to owning shares and will leverage a rally in the stock. SYMC fell 0.37 percent to $18.87.
Barrick Gold (ABX): Some 10,000 January 40 calls were purchased, mostly for $4.20. While bullish, volume was below open interest, so it may have resulted from an existing short position being closed. ABX is down 1.66 percent to $43.03.
Morgan Stanley (MS): Some 12,000 October 16 puts were bought for $0.38 as investors position for downside in the share price. MS falls 2.62 percent to $17.11.
EMC (EMC): A block of 35,000 January 2014 23 puts was sold for $2.15 and 35,000 January 2014 35 calls were bought for $1.42. The strategy is similar to owning shares and will leverage a
rally in the stock. EMC falls 1.09 percent to $27.42.
American International Group (AIG): Some 20,000 January 25 puts were bought for $0.23 but volume was below open interest at the strike. AIG falls 1.28ms percent to $33.82.
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