Markets

Notable option activity in equity names

Publisher

optionMONSTER

Published

Feb 29, 2016 11:43AM EST

Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system.

Viacom (VIAB): A trader bought 15,799 June 45 calls for $0.85 to $0.90 and sold 31,538 June 50 calls for $0.25. Known as a ratio spread, the strategy will leverage a move to $50 by expiration, with gains eroding above that level. VIAB rose 3.23 percent to $37.40.

Walter Investment (WAC): More than 5,000 March9 calls were bought for $0.20 to $0.40 as investors positioned for upside in the share price. WAC fell 12 percent to $7.55.

Hartford Financial (HIG): Some 20,000 March 21 puts were sold for $0.03 as traders bet downside will be limited in the insurance stock. HIG slid 0.34 percent to $42.69.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.