Largest option buying in equities so far

David Russell (david.russell@optionmonster.com)

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.

Applied Materials (AMAT): More than 35,000 January 12.50 calls were purchased as investors position for upside in the maker of semiconductor gear. AMAT rose 1.79 percent to $10.79.

Bank of America (BAC): Almost 27,000 weekly 9.50 calls expiring tomorrow were purchased, mostly for $0.05, as investors look for the financial giant to climb in the short term. BAC rose 1.72 percent to $9.48.

General Motors (GM): Some 10,000 March 26 calls were purchased, mostly for $1.89, as investors look for the automaker to rally. GM fell 0.69 percent to $25.33.

J.C. Penney (JCP): An investor purchased 12,500 December 24 puts for $2.03 and sold 25,000 December 20 puts for $0.66. Known as a ratio spread, the trade cost $0.71 and will earn a maximum profit of 463 percent if the retailer falls to $20 on expiration. JCP rose 1.58 percent to $24.39.

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