Options News
Jon Najarian Sees Unusual Option Activity in $LULU and $SNAP
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $LULU and $SNAP, plus a Final Trade in $MCHP. In $LULU, traders are buying up over 2,500 of the 03January $237.50 calls for $1.26 to $1.72. Jon bought these calls as well and plans to be in them for just over a […]
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $LULU and $SNAP, plus a Final Trade in $MCHP.
In $LULU, traders are buying up over 2,500 of the 03January $237.50 calls for $1.26 to $1.72. Jon bought these calls as well and plans to be in them for just over a week.
In $SNAP, traders are buying up 10,000 of the 10January $16 calls for $0.39 to $0.42. Jon bought these as well and plans to be in them for a couple of weeks.
Lastly, Jon’s Final Trade was $MCHP, where 6,000 of the February $105 calls were bought for $5.80.