Largest option buying in equities so far
David Russell | [email protected]
Micron (MU): Investors bought more than 10,000 February 8 calls for $0.10, looking for upside in the maker of memory chips. There was also heavy selling in the January 7.50 puts. MU rose 4.68 percent to $6.94.
Ford Motor (F): Almost 44,000 contracts traded in the January 12.50 calls, mostly for $0.77 to $1.03, positioning for upside in the share price. F rose 2.27 percent to $13.50.
Bank of America (BAC): Some 15,000 May 10 puts were bought for $0.30 as investors traders braced for a pullback. BAC rose 0.25 percent to $12.
Citigroup (C): Investors bought and sold the January 38 calls, but volume was below open interest at the strike. C rose 0.33 percent to $41.39.