OptionsHouse

Options Trading News

May 3, 2013  Fri 10:25 AM CT

BP: SEE CHART GET CHAIN FIND STRATEGIES
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.
Share this article with your friends


Related Stories

BP

Short-term bearish trade targets BP

February 9, 2016

A trader is apparently looking for a decline this week in shares of the U.K.-based oil and gas producer, which is down 16 percent in the last three months.

OptionsHouse

Premium Services

Upcoming Webinar:

Using Options For Income

http://bit.ly/1nY1OKA

Jon Najarian and Adam Mesh of Options Wealth Machine discuss a detailed strategy utilizing credit spreads to generate income, and how any level of trader can use this simple trading technique.

Education & Strategy

Sweet Spot Exceptions

As discussed last week, when using the Stock Replacement Strategy to replace a stock position to trade direction, we want to use an option that has very similar characteristics to the stock. We talked about using the deep in-the-money, 80 to 85 delta option that is similar in the Greeks and has relatively little extrinsic value which tends to work against us in stock directional trading.

View more education articles »