Largest option buying in equities so far
David Russell | [email protected]
Sprint Nextel (S): Some 12,000 March 6 calls were bought for $0.05 to $0.09 as traders look for the wireless-communications stock to rally. S rose 1.04 percent to $5.85.
Boston Scientific (BSX): Some 5,040 March 7 puts were bought for $0.07 as investors braced for a pullback in the medical-device company. BSX fell 0.39 percent to $7.60.
Bank of America (BAC): More than 56,000 February 12 calls trade as investors position for upside in the share price. BAC
Cisco Systems (CSCO): Some 10,600 February 20 puts were bought, mostly for $0.15. Volume was below open interest, so the trades may have resulted from existing positions being closed. CSCO fell 1.26 percent to $21.