Largest option buying in equities so far
David Russell | [email protected]
Microsoft (MSFT): An investor sold about 21,000 February 28 calls for $0.18 and bought an equal number of March 29 calls for $0.15, rolling a long position in hope the software giant continues higher. MSFT rose 0.29 percent to $27.96.
Bank of America (BAC): About 10,000 May 11 calls were bought for $1.58 as investors look for the financial giant to keep climbing. BAC rose 0.12 percent to $12.26.
Dean Foods (DF): Blocks of 7,000 contracts each were bought in the June 12 puts for $0.20 and the June 16 calls for $1.90. Volume was below open interest at both strikes, so the trade may result from an existing position being closed. DF fell 9 percent to $16.74.