Largest option buying in equities so far
David Russell | [email protected]
Bank of America (BAC): An investor bought 20,000 May 12 calls for $0.65, looking for the stock to rally in coming months. BAC rose 1.22 percent to $11.61.
Kinross Gold (KGC): More than 32,000 February 9 calls were bought, mostly for $0.71 to $0.88, as investors position for upside in the Canadian gold miner. KGC rose 2.33 percent to $9.66.
Ford Motor (F): Almost 6,800 January 2014 12 puts were bought for $0.88, but volume was far below open interest at the strike. F rose 1.29 percent to $14.17.
Sprint Nextel (S): Almost 12,000 January 6 puts were bought for $0.38 as investors position for downside in the stock. S fell 0.79 percent to $5.65.