Options Trading News

February 20, 2013  Wed 10:31 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.

General Motors (GM): Some 30,000 June 35 calls were purchased, mostly for $0.13 to $0.15 as investors position for upside in the auto maker. GM rose 0.79 percent to $27.46.

AngloGold Ashanti (AU): Some 7,035 April 33 calls were bought for $0.05 and about 13,600 June 28 calls were sold for $0.70 to $0.80. Volume was below open interest in the April contracts, indicating that a short position was rolled forward in time and to the lower strike, reflecting a neutral-to-bearish outlook toward the gold miner. AU fell 3.89 percent to $25.69.

JP Morgan (JPM): An investor sold 5,000 May 49 puts for $1.79 and bought an equal number of March 49 puts for $0.75. Known as a calendar spread, the trade generated a credit of $1.04. JPM fell 0.36 percent to $49.27. (See related story)
Share this article with your friends

Related Stories


What's behind put buying in GM

September 24, 2015

The auto maker had erased last month's losses but pulled back again in the last week. Quarterly results are scheduled for Oct. 21.


Downside GM position extended

September 18, 2015

The auto maker's shares are down about 13.5 percent in the last three months, and a large put position is being extened to December.


Call buyers take the wheel in GM

September 17, 2015

The auto maker has been grinding steadily higher since plunging with the broader market last month, and shares have erased almost all of those losses.

Invest Like a Monster - San Antonio: October 9-10

Premium Services

Archived Webinar

Education & Strategy

Options Academy: More on the Covered Call Strategy

Last week, we talked about the Covered Call and the misconceptions that surround it. We spoke about how an investor must realize that the Covered Call is actually a premium collection strategy and not so much a directional one. If an investor can grasp this idea, the investor stands to do a heck of a lot better in the strategy than they currently do.

View more education articles »