Largest option trades in equities
David Russell | [email protected]
Intel (INTC): More than 33,000 October 25 calls were bought, mostly for $0.13 to $0.15, as investors position for a continued rally in the semiconductor giant. INTC rose 0.42 percent to $23.72.
AbbVie (ABBV): An investor bought 13,000 February 50 calls for $1.10 and sold an equal number of February 42.50 puts for $1.30. He or she collected $0.20 and now stands to benefit from a rally in the share price. They also have downside risk. ABBV fell 1.53 percent to $46.39.
Wells Fargo (WFC): Some 29,000 October 45 calls were purchased, mostly for $0.10, but volume was far below open interest at the strike. WFC fell 0.07 percent to $42.28.