Largest option buying in equities so far
David Russell | email@example.com
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.
Cramer: Money in the banks at last
December 3, 2013
The big banks are celebrating what looks to be the end of the aggressive prosecutions, and some deals that don't seem too onerous for the financials.
Cramer: Can't hate this market
November 26, 2013
This kind of "don't even know why it is going up but I want in" attitude is, again, part and parcel with a bull market. It is a hated move, and it will be hated all the way up.
Call buyers target Bank of America
November 20, 2013
Most recent trades in the bank have been shorter-term and closer to the stock price, looking for a quick pop. But yesterday's traders were using calls going all the way out to March.
Cramer: Banks are coming back
November 18, 2013
It's very in vogue to talk about bubbles, but is it a bubble to mention that Bank of America isn't back to where it was in May 2010? Isn't that a little nuts? How about Citigroup unable to take out its 2009 top?