Unusual Options Activity: LNKD, BMY, and FIT

Call traders circled LinkedIn Corp (LNKD), Bristol-Myers Squibb Co (BMY), and Fitbit Inc (FIT), which all bucked the bearish bias

Sep 18, 2015 at 5:42 PM

The Dow fell nearly 300 points -- giving up its weekly lead and sinking back into correction territory -- amid lingering post-Fed concerns. Across all 12 options exchanges, a 9.4 million calls crossed on "quadruple witching" Friday, compared to 10.7 million puts. The day's put/call volume ratio closed at 1.14.

LinkedIn Corp (NYSE:LNKD) bucked the bearish bias, attracting a rare crop of call traders. Likewise for Bristol-Myers Squibb Co (NYSE:BMY), which saw daily call volume soar to nearly six times the norm. Fitbit Inc (NYSE:FIT) also lured an unusual amount of call traders, as the security extended its winning streak to four sessions.

150918uvolcalls

150918uvolputs

Follow @Schaeffers

Now is the time to join our thriving community of Event Traders who consistently profit from every earnings season. With this discounted subscription opportunity, you'll stay ahead of the curve and seize opportunities others miss. Do not let Q3 earnings season pass you by – subscribe now and supercharge your portfolio with expert insights that turn market reactions into profit-generating opportunities!! Don't waste another second... join us right now before the next trade targeting +200% is released!