Largest option trades in equities

David Russell (david.russell@optionmonster.com)

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.

Gold Fields (GFI): Some 17,442 January 3 calls were bought for $1.19, and an equal number of January 4s were bought for $0.39 against open interest. That suggests an existing short position was closed and rolled lower as the investor looks for continued weakness in the share price. GFI fell 5.71 percent to $4.13. (See related story )

PepsiCo (PEP): A block of 7,500 January 87.50 calls was bought for $0.69 and 10,000 January 90s were sold at the same time. Known as a ratio spread, the trade will profit from a limited rally in the share price. PEP rose 0.55 percent to $85.60

Avon Products (AVP): More than 4,000 December 16 calls were bought for $1.40 as investors look for the cosmetics stock to rebound. AVP rose 1.75 percent to $17.44. (See related post on InsideOptions Pro)


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