Options Trading News

November 12, 2013  Tue 10:11 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.

Geron (GERN): More than 3,000 December 6 calls were sold, mostly for $0.65. Volume was below open interest, which suggests a trader is taking profits after a big run in the name. GERN fell 1.98 percent to $4.95.

Cemex (CX): More than 7,000 December 10 calls trade in the cement maker. They were initially purchased in bullish trades, followed by selling. CX fell 0.63 percent to $10.31.

Blackstone Group (BX): A block of 3,000 November 25 puts was sold for $0.03 against open interest and an equal number of December 25 puts was bought for $0.47. That suggests a protective position in the private-equity firm was closed and rolled forward in time. BX fell 1.39 percent to $26.25.
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As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. 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.

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