Options Trading News

November 29, 2012  Thu 10:23 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.

Dollar General (DG): Giant blocks traded in the December 50 calls for $1.50 and the December 52.50 calls for $0.60 as investors positioned for upside in the discount retailer. Volume was more than 7 times open interest at both strikes.  DG rose 0.56 percent to $49.86.

Tiffany's (TIF): A block of 13,818 February 67.50 calls were bought. The trade was smaller than open interest, so the trade may result from an existing short position being closed. TIF fell 6.84 percent to $59.37.

Celsion (CLSN): Some 7,000 January 3 puts were sold for $0.50 and an equal number of April 3s were purchased for $1.60 as protective position was rolled forward in time. CLSN fell 1.50 percent to $7.21.

Intel (INTC): Blocks of 48,000 contracts each traded in the January 21 puts and the December 21 puts. It appears the investor was closing a money-losing calendar spread to avoid being assigned shares three weeks from now. INTC fell 2.09 percent to $19.67.
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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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