U.S. Markets close in 5 hrs 20 mins

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.

Iamgold (IAG): more than 4,000 May 8 calls were bought, mostly for $0.25, as investors position for upside in the share price. IAG rose 3.25 percent to $7.48.

Dendron (DNDN): An investor sold 3,169 August 4 puts for $0.46 and bought an equal number of August 6 calls for $0.44, hoping for a rally in the share price. DNDN fell 2.66 percent to $4.76.

Bristol Muyers Squibb (BMY): More than 5,500 June 40 puts were bought, mostly for $1.20, as traders brace for downside in the share price. BMY fell 0.79 percent to $40.07.

Best Buy (:BBY): Almost 7,500 June 15 puts were bought, with the largest block pricing for $0.30. Volume was below open interest at the strike, but it reflects concern that the shares will decline into the summer. BBY rose 2.06 percent to $23.25.

More From optionMONSTER