Largest option trades in equities


Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.

Best Buy (BBY): Some 9,000 September 32 calls were bought for $1.60 and an equal number of September 36 calls was sold for $0.42. Known as a bullish call spread, the transaction cost $1.18 and will earn a maximum profit of 239 percent on a move to $36 by expiration. BBY rose 1.21 percent to $31.68.

Gap (GPS): Almost 5,000 August 46 puts were bought, mostly for $0.86, as investors seek to guard against a pullback in the retail stock. GPS fell 0.26 percent to $46.36.

Qualcomm (QCOM): A block of 5,250 October 65 calls was sold for $2.65 and 10,500 October 70 calls were bought for $0.75. Volume was below open interest a both strikes, suggesting that an existing bullish ratio spread was closed. QCOM fell 1.34 percent to $65.86.

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