Options News
Najarian Brothers See Unusual Option Activity in $PFE, $M & $FCX
On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $PFE, $M & $FCX. Jon is seeing unusual activity in $PFE, as traders purchased over 6,000 of the February $43 calls for 0.52 to 0.58. Jon bought these calls and plans to hold them from fifteen to twenty days. Pete sees unusual activity […]
On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $PFE, $M & $FCX.
Jon is seeing unusual activity in $PFE, as traders purchased over 6,000 of the February $43 calls for 0.52 to 0.58. Jon bought these calls and plans to hold them from fifteen to twenty days.
Pete sees unusual activity in $M, where 20,000 of the 25January $26 calls were bought for 0.26 as part of a bullish roll. Pete bought these calls, noting they were rolled from a previously winning position.
Pete also updated the trade in $FCX from Jan. 15, stating that the trade has performed significantly to the upside, with call prices more than doubling since their initiation. Pete cited that today, bulls were back again in the March $13 calls, purchasing 12,000 of those for 0.54.