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.
Bank of America (BAC): Some 100,000 November 9 calls were purchased for $0.25 and a similar number of November 10 calls were sold for $0.07. That's a bullish call spread for a cost of $0.18, with a maximum profit of 455 percent on a move back to $10. BAC rose 4.40 percent to $8.30.
Banco Santander (SAN): Almost 25,000 January 2014 12 calls were purchased, mostly for $0.35, as traders position for long-term gains in the Spanish lender. SAN rose 4.17 percent to $7.49.
Facebook (FB): More than 60,000 September 19 weekly calls expiring tomorrow were purchased, mostly for $0.20 to $0.35, as investors look for a quick rally in the share price. FB rose 2.18 percent to $19.99
General Electric (GE): Some 7,400 September 20 puts were bought, but volume was far below open interest. GE rose 2.62 percent to $21.19.
J.C. Penney (JCP): Volume surged in the October 25 puts and the October 22 puts as investors look for the shares to push lower. JCP rose 3.48 percent to $27.35.
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