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Largest option buying in equities so far

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.

Bank of America (BAC): Investors purchased about 78,000 October 10 calls for $0.07 and $0.08, looking for the stock to rally over the next three weeks. BAC rose 3.28 percent to $9.12.

Best Buy (BBY): Investors sold 22,000 October 19 calls and partially rolled the position to the November 19 contracts, buying 15,000 at the later month for $0.905. BBY rose 0.23 percent to $17.24.

National Oilwell Varco (NOV): Some 5,000 November 67.50 puts were bought for $0.43, but volume was below open interest at the strike. NOV rose 1.35 percent to $81.19.

Facebook (FB): More than 17,000 October 23 calls were sold, mostly for 0.70 and $0.75, against open interest, possibly because investors are exiting long positions in the name. FB rose 2.36 percent to $22.17.

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