Largest option trades in equities
David Russell | [email protected]
Nexstar Broadcasting (NXST): An investor bought 5,000 July 45 calls for $3.50 and sold 7,500 July 50 calls for $1.35. Volume was below open interest in the 50s, so they may have rolled a long position lower or opened a new ratio spread. Either way, they're bullish. NXST fell 0.37 percent to $45.66.
CenterPoint Energy (CNP): Some 11,000 July 25 calls were bought, mostly for $0.25 to $0.40 as investors looked for upside in the utility stock. CNP rose 2.46 percent to $24.60.
SPDR High-Yield Bond Fund (JNK): A block of 5,000 June 41 puts was sold for $0.05 and rolled to September 41 puts, which were bought for $0.70. The investor is probably using the options to protect a long position in the fund. JNK fell 0.01 percent to $41.60. (See full story)