Options Trading News

February 21, 2013  Thu 10:30 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.

Zynga (ZNGA): Some 15,000 September 3.50 calls were sold for $0.43 and an equal number of September 4 calls were bought for $0.36 but volume was below open interest. That suggests an existing short position was rolled down, resulting in a credit of $0.07, as the investor lowers their upside target on the gaming stock. ZNGA dropped 4.06 percent to $2.96.

Dell (DELL): Large blocks traded in the August 14 calls and the August 15 calls, but volume was below open interest in both. DELL is down 0.07 percent to $13.82.

Genworth (GNW): Some 11,095 June 4 puts and June 8 calls were bought for $0.05 and $1.05, respectively. Volume was below open interest in both, indicating that a short strangle was closed. GNW fell 1.96 percent to $8.51.

Bank of America (BAC): A block of 10,000 puts were bought at the 11.50 strike, expiring two weeks from now on March 8, for $0.27. The trade reflects a belief the shares will push lower in the near term. BAC fell 2.46 percent to $11.51.
Share this article with your friends


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 »