Largest option buying in equities
David Russell | [email protected]
Micron (MU): More than 28,000 January 15 calls were bought, mostly for $1.41 to $1.47, as investors continue to position for upside in the memory-chip maker. MU fell 0.40 percent to $13.64.
Facebook (FB): A block of 60,000 January 2015 32 calls was sold for $2.18 and 60,000 January 2015 22 puts were bought for $2.50. Known as a collar, the trade cost $0.32 and will hedge against a pullback in the social-media stock. FB dropped 0.95 percent to $25.93.
Dell (DELL): More then 25,000 August 14 calls were bought, mostly for $0.08, but volume was well below open interest at the strike. DELL is down 0.53 percent to $13.05.