Largest option buying in equities so far
David Russell | [email protected]
Radian (RDN): An investor bought 5,000 January 15 calls for $0.70 and sold an equal number of January 17 calls for $0.35. The trade cost $0.35 and will earn a profit of 471 percent if the financial guarantor closes at $17 or higher on expiration. RDN rose 0.38 percent to $10.49.
BP (BP): A block of 12,700 April 44 calls were bought for $0.02 but volume was below open interest at the strike. BP rose 0.24 percent to $41.06.
Intel (INTC): Almost 11,000 May 20 puts traded for $0.19 and $0.20 ahead of the chip maker's earnings announcement this afternoon. INTC rose 1.50 percent to $21.70 Bank of America
(BAC): More than 11,000 January 10 puts were sold for $0.47 as investors look for the financial giant to hold its ground over the course of 2013. BAC rose 1.63 percent to $12.18.