Largest option buying in equities so far
David Russell | [email protected]
Market Vectors Junior Gold Miners Fund (GDXJ): A trader sold 7,858 January 19.63 calls for $0.60 and bought 7,858 February 19 calls for $1.30, obtaining an additional month to profit from upside in the fund. GDXJ rose 0.31 percent to $19.34. (See related story)
Facebook (FB): Some 11,000 January 24 puts were bought for $0.40 as investors brace for downside in the social-networking stock. FB declined 0.99 percent to $26.25.
Bank of America (BAC): Almost 33,000 January 12.50 calls traded, mostly for $0.09 to $0.12, but volume was far below open interest at the strike. BAC fell 2.08 percent to $11.30.