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Najarian Brothers See Unusual Option Activity in $GLD & $FTCH

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $GLD and $FTCH. Pete is seeing unusual activity in the GLD, as traders bought 2,500 of the August $128 calls for $1.84 as part of a bullish spread. Pete rolled out of his own position, using this opportunity as a catalyst […]

By Chris Sykora · June 6, 2019
Najarian Brothers See Unusual Option Activity in $GLD & $FTCH

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

Pete is seeing unusual activity in the GLD, as traders bought 2,500 of the August $128 calls for $1.84 as part of a bullish spread. Pete rolled out of his own position, using this opportunity as a catalyst for additional upside.

Jon sees unusual activity in FTCH, as traders purchased 5,300 of the June $20 calls from $0.55 to $0.89. Jon bought these calls as well and plans to be in them for at least a week.