OptionsHouse

Options Trading News

January 3, 2013  Thu 10:23 AM CT

MU: 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.

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.
Share this article with your friends


Related Stories

MU

Bulls continue their stampede into Micron

April 28, 2016

The memory-chip maker is up 11 percent in the last three months, and traders are buying calls today for the second time in as many sessions.

OptionsHouse

Premium Services

Education & Strategy

Market Level Making You Nervous, Huh? Part 3

In last week's article, we discussed how important the extra cash you save by using the Stock Replacement Strategy over buying the actual stock is! That extra cash in our account instead of being unnecessarily tied up in a stock position allows us to buy the puts we would need to protect our downside in the case of a major sell-off.

View more education articles »