Largest option buying in equities so far
David Russell | email@example.com
Bank of America (BAC): Investors purchased about 195,000 January 10 calls for $0.55 to $0.61, looking for the financial giant to keep climbing. BAC rose 1.13 percent to $9.85.
Cisco Systems (CSCO): More than 25,000 November 18 calls were bought and sold, but volume was below open interest at the strike. CSCO fell 0.20 percent to $17.47.
Facebook (FB): More than 16,000 weekly 21.50 calls expiring today were purchased, mostly for $0.10, as investors look for a rally into the close. FB rose 0.94 percent to $21.41.
BP (BP): An investor bought 5,700 January 2014 40 calls for $5.15 and 5,700 January 2014 35 puts for $2.82, looking for volatility to increase in coming months. BP fell 0.53 percent to $42.79.