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Najarian Brothers See Unusual Option Activity in $C, $CZR & $SNAP

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $C, $CZR and $SNAP. Pete sees unusual activity in the C May $70 calls, as 10,000 were bought for 0.95 as part of a spread. Jon is seeing unusual option activity in CZR , where traders were buying 12,000 of the […]

By Chris Sykora · April 25, 2018
Najarian Brothers See Unusual Option Activity in $C, $CZR & $SNAP

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $C, $CZR and $SNAP.

Pete sees unusual activity in the C May $70 calls, as 10,000 were bought for 0.95 as part of a spread.

Jon is seeing unusual option activity in CZR , where traders were buying 12,000 of the 04May $12 calls from 0.25-0.30. Jon is in these calls and intends to hold them for a about a week.

Jon also sees bullish activity in SNAP as 6,420 04May 15.50 calls were bought for 0.82. He bought these calls and plans to hold them for about a week as well.