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.
Melco Crown Entertainment (MPEL): Volume surged in the January 14 calls and the January 16 calls as investors position for upside in the share price. MPEL fell 1.40 percent to $13.06.
General Electric (GE): Traders purchased almost 12,000 January 22.50 calls, looking for upside in the share price. GE rose 0.45 percent to $22.15.
Iamgold (IAG): More than 40,0000 January 2014 30 calls were purchased. There was also heavy selling in the stock around the same time, suggesting the use of a hedged delta-neutral trade intended to profit from higher option premiums rather than a directional move. IAG rose 1.86 percent to $15.88
Procter & Gamble (PG): Volume surged in the January 67.50 puts and the 72.50 puts, but volume was below open interest in both. PG rose 0.52 percent to $69.61.
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