Largest option trades in equities

optionMONSTER

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.

Broadcom (BRCM): A block of 6,000 September 26 calls was bought for $0.41 and an equal number of September 27 calls was sold for $0.18. Known as a call spread, the trade cost $0.23 and will earn more than 300 percent if the chip maker closes at or above $27 on expiration. BRCM rose 1.39 percent to $25.10.

Leap Wireless (LEAP): Some 6,200 January 12 puts were bought for $0.20 and an equal number of January 16 calls was bought for $0.40. Known as a long strangle, the trade cost $0.60 and will profit from volatility increasing. LEAP rose 0.26 percent to $15.40.

Cisco Systems (CSCO): More than 9,000 September 24 calls were purchased, mostly for $0.23, as investors position for upside in the technology giant. CSCO fell 0.06 percent to $23.47.


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