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February 7, 2013  Thu 10:29 AM CT

MPC: 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.

Marathon Petroleum (MPC): A block of 20,000 January 90 calls was bought for $3.90 as an investor positioned for continued upside in the oil refiner. MPC rose 0.60 percent to $78.26.
 
Talisman Energy (TLM): A block of 10,500 July 15 calls was bought for $0.45. Volume was below open interest at the strike, so it could result from an investor closing a short position or betting on a rally. TLM fell 1.44 percent to $12.33.

Merck (MRK): Almost 12,000 January 2015 50 calls were bought for $0.94 and $0.98 as investors seek a long-term rally in the drug maker. MRK fell 0.41 percent to $40.92.

Nokia (NOK): Some 10,000 April 4.50 puts were bought for $0.71 and 10,000 February 5 puts were sold for $0.90, but volume was below open interest at both strikes. NOK fell 1.21 percent to $4.07.
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Options Academy: Ron's Risk Calculation--A Real Life Example

It is rare that I get a chance to give a real-life, real-time example in my articles that the readers were not only following but were actually involved in at the time the event is happening. Well, that is where we are right now in our QQQ trade from last week. Let's recap the trade itself.

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