OptionsHouse

Options Trading News

July 18, 2013  Thu 10:22 AM CT

C: 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.

Activision Blizzard (ATVI): An investor bought 27,592 September 16 calls for $0.82 and sold 55,184 September 17 calls for $0.36. Known as a ratio spread, the trade cost almost nothing to open and will generate huge leverage on a move to $17, with upside risk above that level. ATVI rose 2.16 percent to $15.60.

Micron Technology (MU): Some 21,000 January 2015 15 calls were bought, mostly for $2.55 and $2.60, as investors continue to position for upside in the memory-chip maker. MU rose 1.18 percent to $13.75.

Citigroup (C): Almost 13,000 July 50 calls were bought for $2.25 to $2.40 as investors look for the financial giant to keep climbing. C rose 1.37 percent to $52.50.
Share this article with your friends


Related Stories

C

Short-term bulls charge into Citigroup

August 17, 2016

The financial giant is drawing upside option activity for the second session in a row, and traders are now looking for gains by the end of next week.

C

Bulls placing cheap bets on Citigroup

August 16, 2016

The mega-bank reported bullish results last month and is scheduled to announce its next quarterly numbers before the market opens on Oct. 14.

C

Short-term calls bank on pop in Citigroup

July 25, 2016

Traders are looking for a rally this week by the financial giant, which released bullish quarterly results on July 15.

OptionsHouse

Premium Services

Education & Strategy

Dissecting a big institutional trade

This week's column will study a recent call ratio spread. We're not recommending using this strategy because it has potentially huge risk. But we can learn from this different use of options by a large institutional investor.

View more education articles »