Largest option trades in equities
David Russell | [email protected]
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.
Sprint (S): An investor bought 15,000 May 9 calls for $0.68 and sold 30,000 May 11 calls for $0.17. Known as a ratio spread, the trade will earn a maximum profit of 488 percent on a rally to $11 by expiration. He or she probably owns shares as well. S fell 1.48 percent to $8.65.
Stillwater Mining (SWC): An investor bought 10,000 April 15 calls for $1.10, looking for the precious-metals stock to keep running. SWC fell 2.33 percent to $15.33.
InvenSense (INVN): Almost 8,000 March 22.50 calls were bought, along with 2,000 April 21 calls, as investors look for upside in the share price. INVN rose 4.87 percent to $22.40.
Traders look for Sprint to hold onto gains
August 18, 2016
The wireless carrier reported bullish quarterly results in July and has rocketed 72 percent in the last three months.
Put sale bets Sprint will hold recent gains
August 12, 2016
The wireless-telecom carrier has rocketed 77 percent in the last three months, and one large trade is betting that downside potential will be limited.
How traders are hedging their bets in Sprint
August 2, 2016
Today's put activity follows a big rally in the telecom stock.