Largest option trades in equities
David Russell | [email protected]
Conmed (CNMD): An investor bought 2,000 August 45 calls for $2.30 and sold an equal number of August 50 calls for $0.70. Known as a bullish call spread, the trade cost $1.60 and will inflate to $5 if the medical-device maker closes at $50 or higher on expiration. CNMD rose 0.21 percent to $43.35.
St. Jude Medical (STJ): Some 2,000 May 65 calls were bought, mostly for $0.60 to $0.75, as investors look for upside in the share price. STJ fell 0.13 percent to $62.85.
iShares MSCI Japan fund (EWJ): An investor bought 250,000 June 11 calls for $0.39 and sold 250,000 June 12 calls for $0.07. The call spread will triple his or her money on a move to $12 by expiration. EWJ rose 0.55 percent to $11.06.