Options Trading News

June 26, 2013  Wed 10:31 AM CT

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


Premium Services

Archived Webinar

Education & Strategy

Options Academy: More on the Covered Call Strategy

Last week, we talked about the Covered Call and the misconceptions that surround it. We spoke about how an investor must realize that the Covered Call is actually a premium collection strategy and not so much a directional one. If an investor can grasp this idea, the investor stands to do a heck of a lot better in the strategy than they currently do.

View more education articles »