Options News
Jon Najarian Sees Unusual Option Activity in $BUD & $BABA
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $BUD and $BABA. Jon is seeing unusual activity in BUD, as traders purchased 3,800 of the August $100 calls for 2.27. Jon bought these calls and will be in the trade for about a month, noting he may sell an upside strike against his position. […]
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $BUD and $BABA.
Jon is seeing unusual activity in BUD, as traders purchased 3,800 of the August $100 calls for 2.27. Jon bought these calls and will be in the trade for about a month, noting he may sell an upside strike against his position.
Jon also is seeing unusual activity in BABA, where 5,900 of the September $210 calls were being purchased for around 6.00. Jon bought these calls and intends to be in them for about a month as well, while also looking for an upside strike to spread against his position.