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.
General Electric (GE): Traders bought 11,400 September 25 calls, mostly for $0.48, but volume was below open interest at the strike. GE fell 0.45 percent to $24.22.
Bank of America (BAC): Almost 14,000 June 13 puts were bought for $0.05 to $0.07 as investors brace for near-term downside in the financial giant. BAC fell 0.23 percent to $13.24.
Activision Blizzard (ATVI): Some 10,800 January 23 calls were bought for $0.08 and an equal number of January 18 calls were sold for $0.40. Volume was below open interest, indicating that an existing bullish call spread was unwound. ATVI fell 1.62 percent to $14.35.
Trade shows caution in General Electric
July 29, 2016
The conglomerate beat quarterly estimates on July 22 but fell because of weakness in industrial orders and other metrics.
Puts hit General Electric ahead of results
July 19, 2016
The industrial giant has risen 7 percent in the last month, but a large position is showing caution before its earnings report at the end of this week.
Show of support for General Electric
July 6, 2016
The industrial giant, which has risen 7 percent in the last week, is scheduled to announce quarterly results before the market opens on July 22.