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.
Facebook (FB): Some 36,000 September 46 calls were bought, mostly for $0.34to $0.49. The contracts expire this Friday, so they're looking for a move in the short term. FB fell 0.27 percent to $44.95.
Safeway (SWY): Some 10,000 January 32 calls were bought for $1.75. The investor also sold equal-sized blocks in the January 27 puts for $0.65 and the January 37 calls for $0.40. The bullish three-way trade cost $0.70 and will earn a maximum profit of 614 percent on a move to $37 by expiration. SWY rose 0.39 percent to $31.11.
U.S. Steel (X): Almost 15,000 November 25 calls were bought, mostly for $0.26, as investors look for the steelmaker to rally. X fell 0.05 percent to $20.50.
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