Options Trading News

January 17, 2014  Fri 10:29 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.

Magna International (MGA): An investor bought 5,000 March 90 calls for $1.90 and sold an equal number of March 95 calls for $0.50. Known as a bullish call spread, the trade cost $1.40 and will generate profit of 257 percent if the auto-parts maker closes at $95 or higher on expiration. MGA rose 1.47 percent to $88.11.

Hillshire Brands (HSH): More than 5,000 February 37 calls were purchased, mostly for $0.30 to $0.75, as investors look for upside in the share price ahead of earnings on Jan. 30. HSH rose 0.41 percent to $34.66.

Big Lots (BIG): Some 3,000 April 30 puts were bought for $3.20 as investors brace for downside in the share price. BIG fell 1.67 percent to $28.49.
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