Options News
Jon Najarian Sees Unusual Option Activity in $PDD
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $PDD, plus an update on $PLNT. In $PDD, traders are buying up over 7,000 of the September $34 calls for $0.57 to $0.80 as part of a bullish roll. Jon noted previous activity in the name, which had outperformed to the upside, […]
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $PDD, plus an update on $PLNT.
In $PDD, traders are buying up over 7,000 of the September $34 calls for $0.57 to $0.80 as part of a bullish roll. Jon noted previous activity in the name, which had outperformed to the upside, and mentioned he bought these calls and will be in them for a couple of weeks.
Jon also updated his position in $PLNT, from Aug. 21, in the October $70 calls, noting that those calls have more than doubled.