Largest option buying in equities so far
David Russell | firstname.lastname@example.org
Health Management Associates (HMA): A block of more than 6,400 July 8 calls were purchased for $0.20 as an investor bet the hospital will rally. HMA rose 2.52 percent to $6.50.
Bank of America (BAC): More than 7,000 January 2014 12 calls were bought for $0.53, but volume was below open interest in the strike. BAC fell 1.48 percent to $7.31.
Fusion-IO (FIO): Roughly 5,000 December 21 calls were bought for $3.10 and an equal number of December 15 puts were sold for $2. The trade cost $1.10 and is similar to owning shares in the tech stock. FIO rose 1.98 percent to $18.77.
Wells Fargo (WFC): More than 30,000 June 30 puts were bought, mostly for $0.21 to $0.29, as traders positioned for the bank to push lower. WFC declined 0.99 percent to $30.87.