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.

Best Buy (BBY): Some 5,000 April 21 calls sold for $1.60 against open interest, and about 13,000 of the April 23 calls were bought for $0.62. It appears a winning long position was closed and rolled to the higher strike in hope of further upside. BBY rose 2.75 percent to $22.04.

ConocoPhillips (COP): almost 18,000 weekly 60 calls expiring this Friday were purchased for $0.16 to $0.21 as investors position for a short-term rally in the stock. COP rose 0.63 percent to $59.44.

MetroPCS Communications (PCS): Some 11,000 April 11 calls were bought for $0.22 but volume was far below open interest at the strike. PCS fell 1.20 percent to $10.26.

National Oilwell Varco (:NOV): Some 10,000 May 65 puts were bought, mostly for $1.26, but volume was below open interest at the strike. NOV fell 1.03 percent to $69.80.

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