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Options Trading News

October 26, 2012  Fri 10:33 AM CT

VRSN: 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.

VeriSign (VRSN): An investor bought 10,000 January 41 calls for $1.51 and sold an equal number of January 45 calls for $0.51. The call spread cost $1 and will earn a 300 percent profit if the stock returns to $45 or higher on expiration. VRSN is down 19 percent to $37.98 after a weak earnings report.

MEMC Electronic Materials (WFR): An investor bought 6,500 November 2.50 calls for $0.14 against existing open interest and sold an equal number of December 3 calls for $0.10, rolling a short position to the higher strike. He or she probably own shares and is now poised to collect more upside if a strong earnings report on Nov. 7 lifts the stock. WFR fell 2.52 percent to $2.32. (See related story)

Citigroup (C): More than 6,000 November 35 calls were bought for $2.17 but volume was far below open interest at the strike. C fell 2 percent to $36.66.

Activision Blizzard (ATVI): A block of 14,000 January 10 puts were bought for $0.25 as investors look for downside over the next 1-1/2 months. ATVI is down 1.99 percent to $10.84. (See related story)
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