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Options Trading News

October 5, 2012  Fri 10:29 AM CT

LINE: 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.

Linn Energy (LINE): Investors bought about 12,500 April 45 calls, mostly for $0.70, positioning for upside in the share price. LINE rose 0.72 percent to $41.95. (See related story)

General Motors (GM): An investor sold an existing position in 10,000 October 25 calls for $0.77 and rolled up to the October 26 calls for $0.33. They collected $0.44 and stand to profit from further upside in the share price. GM rose 2.60 percent to $25.29.

Microsoft (MSFT): Almost 23,000 January 2014 25 puts were bought for $1.84 to $1.88 as investors seek long-term protection on the software giant. MSFT fell 0.23 percent to $29.97.

Phillip Morris (PM): More than 18,000 October 87.50 puts were bought, mostly for $0.14, as investors position for a near-term drop. PM rose 0.42 percent to $93.69.
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