Options Trading News

March 13, 2013  Wed 10:26 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.

Cisco Systems (CSCO): More than 28,000 April 20 puts were bought, mostly for $0.10 and $0.11, as traders brace for downside in the stock. CSCO fell 0.15 percent to $21.67.

Bank of America (BAC): Almost 24,000 March 12 calls were purchased for $0.16 to $0.20 but volume was far below open interest at the strike. BAC fell 0.14 percent to $11.99.

McGraw-Hill (MHP): Some 15,000 May 50 calls were bought, mostly for $1.90 as investors position for upside in the share price. MHP rose 0.10 percent to $48.50.

Facebook (FB): Some 10,500 March 26 puts were bough, mostly for $0.05 and $0.06, but volume was barely half open interest at the strike. FB fell 1.88 percent to $27.31.

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The covered call and unhedged risk

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