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Najarian Brothers See Unusual Option Activity in $IWM & $QSR

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $IWM & $QSR. Pete sees bearish unusual activity in IWM, where 5,000 of the 01February $130 puts were bought for up to about 2.50. Pete bought these puts. Jon is seeing unusual activity in QSR, as traders purchased 2,000 of the February $50 […]

By Chris Sykora · January 3, 2019
Najarian Brothers See Unusual Option Activity in $IWM & $QSR

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $IWM & $QSR.

Pete sees bearish unusual activity in IWM, where 5,000 of the 01February $130 puts were bought for up to about 2.50. Pete bought these puts.

Jon is seeing unusual activity in QSR, as traders purchased 2,000 of the February $50 calls for 3.75. Jon bought these calls and turned them into a spread, stating he plans to be in the trade for about a month, with the company expected to report earnings on Feb. 11.