Largest option buying in equities so far
David Russell | email@example.com
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.
General Motors (GM): A block of 5,400 January 34 calls were bought for $2.73 as an investor looked for upside in the auto maker. GM rose 0.60 percent to $33.65.
Microsoft (MSFT): Some 6,500 July 33 calls were bought, mostly for $2.17, as investors wagered on a rally in the software giant. MSFT fell 0.77 percent to $34.73.
Elan (ELN): Almost 26,000 June 12 puts were bought, mostly for $0.40 and $0.45, as traders braced for downside in the drug maker. ELN fell 4.66 percent to $12.49.
What's behind put buying in GM
September 24, 2015
The auto maker had erased last month's losses but pulled back again in the last week. Quarterly results are scheduled for Oct. 21.
Downside GM position extended
September 18, 2015
The auto maker's shares are down about 13.5 percent in the last three months, and a large put position is being extened to December.
Call buyers take the wheel in GM
September 17, 2015
The auto maker has been grinding steadily higher since plunging with the broader market last month, and shares have erased almost all of those losses.