Options News
Jon Najarian Sees Unusual Option Activity in $NVDA & $SHPG
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $NVDA and $SHPG. Jon is seeing unusual activity in NVDA, where traders were buying over 6,900 of the 05October $290 calls for 1.60 to 3.65. Jon bought these calls and cited other unusual purchases in several other strikes. Jon will likely roll his position to […]
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $NVDA and $SHPG.
Jon is seeing unusual activity in NVDA, where traders were buying over 6,900 of the 05October $290 calls for 1.60 to 3.65. Jon bought these calls and cited other unusual purchases in several other strikes. Jon will likely roll his position to next week’s expiration pending continued strength in the underlying.
Jon also sees unusual bullish activity in SHPG, where 6,000 of the January $185 calls were purchased for 6.10 as part of a bullish spread, selling the $200 strike against them. Jon bought this spread, noting the three-to-one risk/reward in the trade, utilizing a spread.