Largest option buying in equities so far
David Russell | [email protected]
Yahoo (YHOO): Investors bought more than 15,000 December 18 calls for $0.15 and $0.16, looking for upside. YHOO rose 0.06 percent to $16.04.
Cisco Systems (CSCO): About 15,000 January 19 calls were bought as an investor looked for the stock to push higher. CSCO rose 1.73 percent to $18.87.
Barrick Gold (ABX): A block of 5,000 January 2013 52.50 puts were bought for $8.85 as an investor sought a long-term hedge on the miner. ABX rose 0.43 percent to $51.24.
JP Morgan (JPM): More than 7,000 December 35 calls traded for $0.65 to $0.79, but volume was below open interest. JPM rose 4.70 percent to $33.85.