Options News
Jon Najarian Sees Unusual Option Activity in $UAA & $MGM
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $UAA and $MGM. Jon is seeing unusual activity in UAA, where traders were buying 4,700 of the August $21 calls for about 0.28. Jon bought these calls, noting that the market may be beginning to respond favorably to Mohamed A. El-Erian’s new position on Under […]
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $UAA and $MGM.
Jon is seeing unusual activity in UAA, where traders were buying 4,700 of the August $21 calls for about 0.28. Jon bought these calls, noting that the market may be beginning to respond favorably to Mohamed A. El-Erian’s new position on Under Armour’s Board of Directors.
Jon also sees unusual bullish activity in MGM, where 12,000 of the September $30 calls were purchased for 0.61 as part of a bullish spread. Jon bought these calls and plans to be in them through about Labor Day.