Weekly options expire today, and some investors are looking to make a quick buck.
One big theme was put selling in Apple, which is trying to hold its ground after gapping to a new all-time high earlier in the week. More than 13,000 445 puts were sold for $0.40 to $1.15, as traders bet it will close above that strike price today. AAPL rose 0.25 percent to $445.72.
Rare-earth minerals stock Molycorp also saw short-term activity as investors purchased about 3,700 January 32 calls for $0.08 to $0.10, looking for the stock to power above $32 by the close. MCP rose 3.37 percent to $31.32.
They're also looking for upside in Amazon.com, snapping up more than 9,000 January 195 calls against open interest of just 3,741 contracts. Most of the large blocks priced for $0.65 to $1.57. AMZN rose 0.81 percent to 194.83.
A new set of weeklies that that expire next Friday are also starting to trade, especially in AAPL. Investors are buying the 445 calls for $4.60 to $5.75 and the 450 calls for $2.60 to $3.27, looking for gains in the short term.
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