Largest option buying in equities so far
David Russell | [email protected]
Bank of America (BAC): More than 35,000 of the 10.50 calls expiring today were bought, mostly for $0.07 to $0.15. Volume was below open interest, so the traders could be closing short positions or looking for a short-term rally in the financial giant. BAC rose 0.91 percent to $10.55.
American International Group (AIG): Some 10,000 February 38 calls were purchased for $0.39 to $0.43 as investors position for the insurance stock to rally. AIG rose 2.38 percent to $34.05.
TiVo (TIVO): Almost 8,000 May 14 calls were purchased for $0.69 to $0.75 as investors look for upside in the share price. TIVO rose 1.96 percent to $12.22.
Citigroup (C): An even 20,000 March 29 puts were bought for $0.34 and $0.35, but volume was below open interest at the strike. C rose 1.05 percent to $37.41.