Yahoo (YHOO): More than 17,000 July 16 calls traded, mostly for $0.11 to $0.20, but volume was far below open interest at the strike. YHOO fell 1.05 percent to $15.48.
USG (USG): An investor bought 6,852 July 17 calls for $2.55 and sold 11,000 August 20 calls for $1.20. Volume was below open interest in July, indicating that an existing short position was closed and rolled toward in time. He or she also raised the strike price and increased the number of contracts. The trade reflects a belief that upside remains limited in the maker of building materials. USG rose 1.94 percent to $19.89.
Intel (INTC): Investors bought and sold the October 24 puts for $0.82 to $0.91, positioning for downside in the chip giant. INTC declined 0.62 percent to $24.98.
Microsoft (MSFT): Some 27,000 January 25 puts were bought for $0.67 and $0.68, but volume was far below open interest at the strike. MSFT fell 0.61 percent to $29.26.
