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Options Trading News

October 4, 2012  Thu 10:28 AM CT

WMB: 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.

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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