Largest option buying in equities so far
David Russell | david.russell@optionmonster.com
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Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.
Facebook (FB): Investors bought some 23,000 June 32 calls, which expire tomorrow, looking for a short-term rebound in the social-networking stock. FB is down 2.95 percent to $21.28.
Bed Bath & Beyond (BBBY): An investor bought 3,250 November 62.50 calls for $3.20 and sold an equal number of November 65 calls for $2.20. A block of 650 January 60 puts were also sold for $5.60, suggesting that an investor thinks the specialty-retail stock will rally. BBBY fell 1.32 percent to $59.09.
Bank of America (BAC): A block of 5,000 August 7 puts were bought for $0.27, but volume was far below open interest in the strike. BAC fell 2.19 percent to $7.60.
Constellation Brands (STZ): An investor bought 5,000 August 17.50 puts for $0.50 and sold an equal number of August 20 calls for $2.60. Volume was below open interest in both, suggesting that an earlier bullish trade was closed profitably. STZ fell 0.69 percent to $21.60.
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