Market News

October 4, 2012  Thu 10:28 AM CT

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.

Williams (WMB): Blocks of 25,024 contracts each traded in the October 37 calls for $0.75 and the November 39 calls for $0.79. It's not clear if the position was opened or closed, but it's bullish and reflects a belief that the shares will continue higher in coming weeks. WMB fell 0.14 percent to $36.43.

Bank of America (BAC): More than 22,000 October 10 calls were bought for $0.07 to $0.09 as investors position for continued upside in the giant U.S. lender. BAC rose 2.74 percent to $9.36.

Citigroup (C): An investor bought 10,000 December 32 puts for $1.09 and sold an equal number of December 28 puts for $0.37. Known as a put spread, the trade cost $0.72 and will earn a maximum profit of 456 percent if the stock closes at or below $28 on expiration. C rose 2.41 percent to $34.88.

Hewlett-Packard (HPQ): Volume surged in the October 14 puts and the 15 weekly puts expiring tomorrow as traders position for continued downside in the beaten-down computer maker. HPQ fell 2.75 percent to $14.50.
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