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

Bulls keep coming back to Kinross Gold

May 20, 2016

The bulls piled into the gold miner in large numbers yesterday, the latest in a series of upside trades in the name recently.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Timing the Trade

Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

View more education articles »