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 6,800 January 19 calls were bought for $2.11
and a similar number of January 23 calls were sold for $0.83. Known
as a call spread, the trade cost $1.28 and will more than triple
the investor's money if the stock closes are or above $23 on
expiration. BBY rose 6.70 percent to $18.47.
Bank of America (BAC): More than 10,000 January 10 calls traded for
$0.18 to $0.20, but volume was far below open interest at the
strike. BAC fell 0.49 percent to $8.12.
Mylan (MYL): More than 4,000 September 23 puts were bought for
$0.26 and $0.27 as investors positioned for downside in the drug
maker's share price. MYL fell 0.67 percent to $23.63.
Nokia (NOK): Investors bought the October 3 puts for $0.30 to
$0.31, but volume was far below open interest at the strike. NOK
rose 8.60 percent to $3.35.