Options News
Jon Najarian Sees Unusual Option Activity in $BBY
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $BBY. Jon is seeing unusual activity in BBY, where traders were buying 1,500 of the November $73 calls for 0.99 as part of a bullish spread. Jon bought these calls, noting if upside happens quickly, he will sell some upside calls against his position, and […]
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $BBY.
Jon is seeing unusual activity in BBY, where traders were buying 1,500 of the November $73 calls for 0.99 as part of a bullish spread. Jon bought these calls, noting if upside happens quickly, he will sell some upside calls against his position, and that he will conversely practice discipline, cutting the position should it lose half its initial value.