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Largest option buying in equities so far

By: optionMONSTER
Posted: 12/6/2011 11:19:00 AM
Referenced Stocks: BAC;CMC;HL;LLY

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.

Hecla Mining (HL): More than 50,000 January 6 calls were bought for $0.49 to $0.72 as investors look for upside. HL rose 4.52 percent to $6.25.

Bank of America (BAC): More than 27,000 December 6 calls were bought, mostly for $0.17, as investors look for higher share prices. BAC rose 1.04 percent to $5.85.

Eli Lilly (LLY): More than 8,000 January 30 puts were bought for $0.09 and $0.10, but volume was below open interest. LLY rose 3.56 percent to $38.74.

Commercial Metals (CMC): An investor bought more than 5,000 contracts each in the January 12 puts and the January 14 calls, looking for the stock to make a sudden move higher or lower. CMC rose 0.57 percent to $14.17.