Market News

May 3, 2013  Fri 10:25 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.

BP (BP): An investor exited a winning position in the July 42 calls, selling 7,500 contracts for $2.35. He or she then upsized it, rolling into 19,500 July 45 calls for $0.71 in hope that the energy giant will keep climbing. BP rose 1.26 percent to $44.08.

American International Group (AIG): More than 16,000 August 45 calls were bought, mostly for $2.24, as investors look for more upside in the insurance stock. AIG rose 5.25 percent to $44.34.

Freeport-McMoRan Copper & Gold (FCX): Some 15,000 June 27 puts were purchased, mostly for $0.28. Volume was below open interest at the strike, so the investor may have closed an existing short position after the metal producer bounced. FCX rose 3.62 percent to $31.44.
News Archives

Education & Strategy

Using puts to BUY stock

Puts are an options contract that gives buyers the right to sell their stock for a set price on or before a future date. However, puts can also be an effective way to BUY stock.

More education articles »