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 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.