OptionsHouse

Options Trading News

November 2, 2012  Fri 10:27 AM CT

BAC: 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.

Bank of America (BAC): Investors purchased about 195,000 January 10 calls for $0.55 to $0.61, looking for the financial giant to keep climbing. BAC rose 1.13 percent to $9.85.

Cisco Systems (CSCO): More than 25,000 November 18 calls were bought and sold, but volume was below open interest at the strike. CSCO fell 0.20 percent to $17.47.

Facebook (FB): More than 16,000 weekly 21.50 calls expiring today were purchased, mostly for $0.10, as investors look for a rally into the close. FB rose 0.94 percent to $21.41.

BP (BP): An investor bought 5,700 January 2014 40 calls for $5.15 and 5,700 January 2014 35 puts for $2.82, looking for volatility to increase in coming months. BP fell 0.53 percent to $42.79.
Share this article with your friends


Related Stories

BAC

Short-term calls target Bank of America

August 30, 2016

Traders are looking for more gains this week in the financial giant, which reported bullish results in July and is up 9 percent in the last month.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Using spreads to minimize risk

Last week we discussed the risk vs reward profile of a debit call spread in Wells Fargo (WFC). This week we will run thru the risk vs reward of selling a credit put spread to achieve the same exposure of that debit call spread.

View more education articles »