Largest option buying in equities so far

David Russell (
January 18, 2013

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.

General Dynamics (GD): An even 20,000 January 2014 calls were purchased for $1.80 and $1.85. Volume was more than 50 times open interest at the strike, indicating that new money was put to work. GD fell 0.24 percent to $70.85.

Huntsman (HUN): Some 19,000 May 12 puts were bought for $0.15 and $0.20 as an investor braces for a pullback in the high-flying chemicals stock. HUN fell 0.57 percent to $17.59.

Focus Media (FMCN): Some 16,000 July 25 calls traded for $1.90, matched against an equal number of July 27 calls for $0.30 and $0.35. Volume was more than twice open interest at both strikes. FMCN fell 0.04 percent to $25.55.

Morgan Stanley (MS): Traders purchased more than 11,000 February 20 puts, mostly for $0.13 and $0.14, against previous open interest. The trades came after earnings, which suggests that existing short positions were closed profitably. MS rose 8.14 percent to $22.44.

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