Largest option trades in equities
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Cisco Systems (CSCO): Some 15,000 January 22 calls were purchased, mostly for $2.78, as investors look for upside in the tech giant. CSCO rose 0.23 percent to $24.37.
Nokia (NOK): Almost 17,000 April 5 calls were purchased, mostly for $1.57, as investors position for continued upside in the Finnish company. NOK rose 0.80 percent to $6.29.
Pfizer (PFE): A block of 17,265 December 25 puts was bought for $0.19 as investors brace for downside in the drug maker. PFE fell 0.35 percent to $28.61.
Traders bet Cisco Systems will hold gains
May 20, 2016
The networking giant rose yesterday after beating quarterly results, and traders are betting that shares will stay on solid ground.
Traders bullish on Cisco before earnings
May 10, 2016
The network-technology giant is up 16 percent in the last three months and is drawing bullish option activity ahead of quarterly results next week.