Largest option buying in equities so far
David Russell | firstname.lastname@example.org
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.
Micron Technology (MU): Almost 12,000 January 15 calls were purchased, most of which priced for $1.05, as investors continue to seek upside in the memory-chip maker. MU rose 0.56 percent to $12.54.
Cisco Systems (CSCO): Almost 11,000 October 27 calls were purchased, mostly for $0.60 to $0.68, as investors look for upside in the share price. CSCO rose 2.45 percent to $25.95.
Tiffany (TIF): Some 9,000 November 67.50 puts were bought, mostly for $1.11 as investors brace for downside in the shares. TIF rose 0.94 percent to $79.39.
Tiffany call spread is bullish on earnings
May 19, 2016
The jewelry icon is down 9 percent in the last month, but a large trade is apparently betting that it will report positive quarterly results next week.
More bearish positions targeting Tiffany
May 16, 2016
The jewelry icon is scheduled to announce its next quarterly numbers on May 25, and traders are buying puts for the second time in less than a week.
Tiffany draws bearish play on earnings
May 11, 2016
The jewelry icon, which reported bearish results in March, is scheduled to announce its next quarterly numbers before the market opens on May 25.
Call buyers looking for Tiffany to shine
May 3, 2016
The jewelry icon reports earnings in about three weeks, and traders are looking for a rally in the next three months.