Options News
Jon Najarian Sees Unusual Option Activity in $SNE and $PENN
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $SNE and $PENN, plus an update on $MYL. In $SNE, traders are buying up 5,000 of the October $57.50 calls for $1.70. Jon bought these calls, plans to hold them for several months, and notes the company reports earnings tomorrow. In $PENN, […]
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $SNE and $PENN, plus an update on $MYL.
In $SNE, traders are buying up 5,000 of the October $57.50 calls for $1.70. Jon bought these calls, plans to hold them for several months, and notes the company reports earnings tomorrow.
In $PENN, traders are buying up 3,000 of the August $20 calls for $0.55 to $0.70. Jon also bought these calls and notes the company is expected to report earnings in the coming days.
Jon also updated his trade in $MYL from July 24, noting that those calls have returned more than a double and that he is out of the trade.