Largest option buying in equities so far
David Russell | [email protected]
MetLife (MET): A block of 10,000 March 42 calls was purchased for $0.20 as investors look for upside in the financial stock. MET rose 1.59 percent to $32.51.
NII Holdings (NIHD): An even 10,000 December 8 calls was purchased, mostly for $0.20, as investors look for the telecom stock to rebound. NIHD fell 2.01 percent to $6.35.
Hess (HES): Almost 33,000 December 50 puts were bought for $1.82 to $1.94 as investors position for the energy stock to crumble. HES fell 1.57 percent to $51.39. (See related story)
Bank of America (BAC): More than 35,000 December 9 puts traded, mostly for $0.26 to $0.30, but volume was far below open interest at the strike. BAC rose 1.17 percent to $9.50.