Largest option buying in equities so far
David Russell | firstname.lastname@example.org
Bank of America (BAC): Investors bought more than 30,000 weekly 8 calls expiring tomorrow, mostly for $0.02 to $0.07, looking for a quick move by the end of the week. BAC fell 1.74 percent to $7.92.
Cheniere Energy (LNG): Investors purchased about 8,500 September 19 calls for $0.75 and $0.80, looking for the natural-gas transportation stock to keep rallying. LNG rose 2.76 percent to $15.99.
JP Morgan (JPM): Some 13,000 July 36 calls were bought, while a matching number of July 37 calls were sold. While bullish, Volume was below open interest at both strikes. JPM fell 3.73 percent to $34.54.