Largest option buying in equities so far
David Russell | [email protected]
Vale (VALE): More than 23,000 January 18 calls were purchased, mostly for $0.85 to $0.92 as investors look for upside in the mining company. VALE fell 1.11 percent to $17.78.
Suncor Energy (SU): Blocks of 6,000 contracts each traded in the November 33 calls and the November 34 calls as investors look for the Canadian oil company it push higher this week. SU fell 1.02 percent to $33.03.
MetroPCS Communications (PCS): Some 29,454 February 10 puts were bought for $1.05. Equal-sized blocks were sold in the February 9 puts for $0.55 and the November 10 puts for $0.15 as an investor closed a downside position this month and opened a new bearish spread in February. PCS rose 2.04 percent to $10.26.
J.C. Penney (JCP): Some 7,700 November 17 puts were bought for $0.21 to $0.36 but volume was far below open interest at the strike. JCP fell 0.72 percent to $17.84.