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.

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