Largest option buying in equities so far
David Russell | [email protected]
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.
Micron Technology (MU): Some 29,000 April 10 calls were purchased, mostly for $0.30 and $0.31, as investors look for upside in the share price. MU rose 1.53 percent to $9.32.
Microsoft (MSFT): Investors bought more than 26,000 May 30 calls, mostly for $0.16, looking for the software giant to push higher. MSFT rose 0.10 percent to $28.13.
Research In Motion (BBRY): More than 10,000 May 13 puts were bought, mostly for $0.95, as investors brace for a pullback in the share price. BBRY rose 0.50 percent to $15.10.
Chesapeake Energy (CHK): A block of 8,000 May 21 puts was bought for $1.23 as an investor positioned for downside in the natural-gas producer. CHK fell 3.61 percent to $21.37.
Bulls are chasing momentum in Micron
August 26, 2016
Traders are looking for the uptrend to continue in the memory-chip manufacturer, which has surged 36 percent in the last three months.
Calls follow uptrend in Micron Technology
August 18, 2016
The memory-chip maker is up 54 percent in the last three months, and traders are looking for the upward momentum to continue.
Micron Technology gets show of support
August 17, 2016
The memory-chip maker has skyrocketed recently, and traders apparently believe that shares will hold their ground in the next three months.