Largest option buying in equities so far
David Russell | [email protected]
Alpha Natural Resources (ANR): About 14,000 January 8 calls were bought for $1.13 and an equal number of January 4 puts were sold for $0.34. The trade is bullish on the surface, although volume was below open interest at both strikes. ANR fell 3.28 percent to $6.78.
Ford (F): More than 18,000 weekly 9 puts expiring this Friday were bought for $0.02 to $0.05 as investors look for near-term downside in the share price. F fell 0.65 percent to $9.13.
Nokia (NOK): More than 10,000 August 2.50 puts were bought for $0.14 to $0.20 as traders look for the stock to push lower. NOK is up 4.15 percent to $2.52.