Options News
Jon Najarian Sees Unusual Option Activity in $FXI & $JPM
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $FXI and $JPM. Jon is seeing unusual bearish activity in FXI, as traders purchased 15,000 of the October $42 puts for 1.61 as part of a complex bearish spread. Jon bought these puts, and will likely sell a lower strike against them. Jon sees […]
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $FXI and $JPM.
Jon is seeing unusual bearish activity in FXI, as traders purchased 15,000 of the October $42 puts for 1.61 as part of a complex bearish spread. Jon bought these puts, and will likely sell a lower strike against them.
Jon sees unusual bullish activity in JPM, where 5,000 of the 03August $118 calls were being purchased for 0.08. Jon bought these calls, plans to be in them for eight to ten days, and notes that these traders may be expecting a pop in JPM.
Jon also updated the trade in CLF from June 14, noting that shares had reached a new 52-week high today after earnings and he has taken the position off.