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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.

Noble (NE): An investor bought 24,000 September 38 calls for $3.15 and sold 36,000 September 45 calls for $0.97. Known as a ratio spread, the trade will leverage a rally to $45. NE fell 1 percent to $37.55.

EMC (EMC): Some 12,600 July 23 calls were bought, mostly for $1.29, as investors position for upside in the share price. EMC fell 0.90 percent to $23.02.

Yahoo (YHOO): Some 14,600 June 26 calls were bought, mostly for $0.62 and $0.63, as investors look for the Internet stock to keep climbing. YHOO rose 0.95 percent to $24.43.

NII Holdings (:NIHD): Some 10,000 September 6 puts were bought for $0.80 and an equal number of September 4 puts were sold for $0.20. The trade cost $0.40 and will earn a maximum profit of 400 percent if the stock closes at or below $4 on expiration. NIHD fell 2.50 percent to $7.21.


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