Largest option buying in equities so far


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.

Johnson & Johnson (JNJ): A block of 5,000 August 87.50 puts was bought for $0.48 and an equal number of August 85 puts was sold for $0.20. Known as a put spread, the trade cost $0.28 and will earn a maximum profit of 793 percent if shares close to $85 or lower in expiration. JNJ fell 0.16 percent to $90.26.

Dell (DELL): Buyers snapped up almost 19,000 August 14 calls for $0.08, but volume was below open interest at the strike. DELL slid 1.31 percent to $12.85.

NRG Energy (NRG): Blocks of 3,000 contracts each traded in the January 27 calls and January 32 calls. It appears that an existing bullish call spread was closed for a credit of $2.20. NRG fell 0.38 percent to $28.68.

Bank of America (:BAC): More than 50,000 of the July 14 calls traded, mostly for $0.16 to $0.22, but volume was below open interest at the strike. BAC rose 1.87 percent to $14.18.

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