Options News
Jon Najarian Sees Unusual Option Activity in $CRM
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $CRM. In CRM, traders are buying up 3,500 of the 14June $157.50 calls for $5.45 to $5.85. Jon owns CRM calls, and mentioned that some traders may wish to spread the position against a higher strike, to offset some of the cost. […]
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $CRM.
In CRM, traders are buying up 3,500 of the 14June $157.50 calls for $5.45 to $5.85. Jon owns CRM calls, and mentioned that some traders may wish to spread the position against a higher strike, to offset some of the cost.
Jon also updated a trade in Square (SQ) from Friday, May 24, noting that those calls had returned more than 60% over the weekend, and that he has taken half of his position off.