Largest option buying in equities so far
David Russell | [email protected]
JP Morgan (JPM): Almost 12,000 February 46 calls traded, mostly for $0.86 to $1.20, as investors positioned for upside in the bank. JPM rose 0.52 percent to $46.59.
Focus Media (FMCN): Some 9,000 January 26 calls were purchased for $0.10 as investors look for upside in the share price. FMCN rose 0.42 percent to $25.84.
Dell (DELL): Almost 12,000 August 14 calls were bought for $0.34 as investors look for the computer maker to keep climbing. DELL declined 3.99 percent to $12.65.
ARM Holdings (ARMH): An investor sold 9,467 January 41 puts for $0.80 and rolled the position to the February 38 puts, paying a net $0.10 and gaining an additional month of downside protection. ARMH rose 0.12 percent to $40.58.