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


How the bulls are sticking with GM

October 29, 2015

The auto maker surged 26 percent between late September and last week, partially because strong North American sales caused earnings to beat estimates.


Premium Services

Education & Strategy

The art of trading

As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

View more education articles »