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): More than 35,000 of the 10.50 calls expiring today were bought, mostly for $0.07 to $0.15. Volume was below open interest, so the traders could be closing short positions or looking for a short-term rally in the financial giant. BAC rose 0.91 percent to $10.55.
American International Group (AIG): Some 10,000 February 38 calls were purchased for $0.39 to $0.43 as investors position for the insurance stock to rally. AIG rose 2.38 percent to $34.05.
TiVo (TIVO): Almost 8,000 May 14 calls were purchased for $0.69 to $0.75 as investors look for upside in the share price. TIVO rose 1.96 percent to $12.22.
Citigroup (C): An even 20,000 March 29 puts were bought for $0.34 and $0.35, but volume was below open interest at the strike. C rose 1.05 percent to $37.41.
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?