Largest option buying in equities so far
David Russell | [email protected]
Market Vectors Junior Gold Miners (GDXJ): One investor bought 9,000 May 28.63 calls for $1.30, looking for upside in the fund. GDXJ rose 1.54 percent to $23.37.
Teva Pharmaceutical Industries (TEVA): A block of 6,800 June 47.50 calls were bought for $0.60, but volume was below open interest in the strike. TEVA fell 1.43 percent to $40.21.
Lowe's (LOW): About 10,000 February 25 puts were bought for $0.89 to $0.92 as investors looked to hedge against a potential drop. LOW rose 1.82 percent to $25.52.
On Semiconductor (ONNN): A block of 16,000 January 5 puts was bought for $0.05 against open interest, probably the work of an investor closing a short position. ONNN rose 1.93 percent to $7.67.
General Growth Properties (GGP): A block of 15,000 February 14 puts was purchased for $0.64 as an investor looked for downside in the stock. GGP rose 1.09 percent to $14.88.