Options Trading News

October 5, 2012  Fri 10:29 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.

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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I have written a few things on the Covered Call Strategy over the last two weeks. Please understand that those two previous articles plus this one do not constitute a proper, fully in-depth lesson on the Covered Call Strategy like we have in our classes at Option Monster Education. I have picked out a few topics that I believe were worth noting and today I am going to add the final one.

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