OptionsHouse

Options Trading News

June 26, 2013  Wed 10:31 AM CT

KGC: 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.

Kinross Gold (KGC): Investors bought the November 7 calls for $0.13 and sold the November 5 calls for $0.40. It appears they were rolling short positions lower, earning extra income and betting that there is little upside in the share price. KGC fell 5.60 percent to $4.55.

Morgan Stanley (MS): More than 6,800 July 24 puts were bought, mostly for $0.59, as traders look for the investment bank to head lower. MS fell 0.52 percent to $24.90.

Bank of America (BAC): Some 6,000 July 11 puts were bought, mostly for $0.04, but volume was far below open interest at the strike. BAC rose 0.32 percent to $12.71.

Disclosure: I own MS shares.
Share this article with your friends


Related Stories

KGC

How investor is playing Kinross Gold

May 31, 2016

The gold producer is still up 56 percent in the last three months even after the sharp drop in precious metals and miners in recent weeks.

OptionsHouse

Premium Services

Education & Strategy

The Movement of Delta

In our last column, we spoke about delta. You might remember that we discussed what delta was and what factors affected or changed delta. As you recall, we stated that three factors will have an effect on delta. They were movements of time, volatility, and underlying price. Today, we want to take a further look into the change of delta, this time focusing on change due to the movement in the underlying price. 

View more education articles »