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.
Sprint Nextel (S): Almost 20,000 January 10 calls were purchased for $0.08 to $0.10 as investors position for upside in the wireless-communications stock. S rose 2.79 percent to $7.38.
Take-Two Interactive (TTWO): Buyers piled in to the July 19 calls and the June 18 calls for $0.25, looking for a summer-time rally from the video-game developer. TTWO rose 3.51 percent to $17.12.
Groupon (GRPN): Some 10,000 June 5 puts were bought for $0.03 as investors brace for a pullback in the shares. GRPN rose 1.26 percent to $7.24.
Traders look for Sprint to hold onto gains
August 18, 2016
The wireless carrier reported bullish quarterly results in July and has rocketed 72 percent in the last three months.
Put sale bets Sprint will hold recent gains
August 12, 2016
The wireless-telecom carrier has rocketed 77 percent in the last three months, and one large trade is betting that downside potential will be limited.
How traders are hedging their bets in Sprint
August 2, 2016
Today's put activity follows a big rally in the telecom stock.