Largest option buying in equities so far
David Russell | [email protected]
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.
Micron (MU): Investors bought more than 10,000 February 8 calls for $0.10, looking for upside in the maker of memory chips. There was also heavy selling in the January 7.50 puts. MU rose 4.68 percent to $6.94.
Ford Motor (F): Almost 44,000 contracts traded in the January 12.50 calls, mostly for $0.77 to $1.03, positioning for upside in the share price. F rose 2.27 percent to $13.50.
Bank of America (BAC): Some 15,000 May 10 puts were bought for $0.30 as investors traders braced for a pullback. BAC rose 0.25 percent to $12.
Citigroup (C): Investors bought and sold the January 38 calls, but volume was below open interest at the strike. C rose 0.33 percent to $41.39.
Bulls are chasing momentum in Micron
August 26, 2016
Traders are looking for the uptrend to continue in the memory-chip manufacturer, which has surged 36 percent in the last three months.
Calls follow uptrend in Micron Technology
August 18, 2016
The memory-chip maker is up 54 percent in the last three months, and traders are looking for the upward momentum to continue.
Micron Technology gets show of support
August 17, 2016
The memory-chip maker has skyrocketed recently, and traders apparently believe that shares will hold their ground in the next three months.