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

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Schaeffer’s Options Trading Service Highlights

+172% Portfolio Return

+522% Portfolio Return

+1,395% Portfolio Return

+1,466% Portfolio Return

+388% Portfolio Return

+855% Portfolio Return

Click here to contact us for complete performance tracking

Special Offers from Schaeffer's Trading Partners