OptionsHouse

Options Trading News

September 20, 2012  Thu 10:29 AM CT

SYMC: 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.

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.
Share this article with your friends


Related Stories

SYMC

Symantec seen holding onto big gains

June 23, 2016

The chip maker has surged 24 percent in the last month and traders are betting that downside potential will be limited.

SYMC

Symantec investor buys time for a rally

June 20, 2016

The cybersecurity company, which announced early last week that it is buying Blue Coat Systems for $4.65 billion, is up 17 percent in the last month.

SYMC

Why bulls are charging into Symantec

June 14, 2016

Traders turned bullish on the cybersecurity company yesterday after its weekend announcment that it is buying Blue Coat Systems for $4.65 billion.

OptionsHouse

Premium Services

Education & Strategy

Know the risks behind covered calls

Selling calls is a popular strategy for both retail and institutional traders, but they typically do it in very different fashions.

View more education articles »