Options Trading News

May 2, 2013  Thu 10:28 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.

CommonWealth (REIT): Some 5,500 May 25 calls were bought, mostly for $0.20, as investors look for upside in the share price. CWH fell 2.52 percent to $21.73.

Facebook (FB): Almost 11,000 May 32 calls were bought for $0.04 and $0.05. Volume was below open interest at the strike, but the contracts stand to generate significant leverage if the stock rallies in the near term. FB rose 3.79 percent to $28.47.

General Motors (GM): More than 4,000 January 25 puts were bought, mostly for $0.86. Volume was below open interest at the strike, so the investor may have bought back contracts they previously sold short. GM rose 4.01 percent to $31.39.
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I have written a few things on the Covered Call Strategy over the last two weeks. Please understand that those two previous articles plus this one do not constitute a proper, fully in-depth lesson on the Covered Call Strategy like we have in our classes at Option Monster Education. I have picked out a few topics that I believe were worth noting and today I am going to add the final one.

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