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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.
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