Options News
Najarian Brothers See Unusual Option Activity in $MRVL & $ORCL
On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $MRVL and $ORCL. Pete is seeing unusual activity in MRVL, as traders purchased 4,750 of the 18April 20.50 calls from $0.63 to $0.71. Pete already owns an existing MRVL position, but noted that he will roll-out and up, as the buying […]
On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $MRVL and $ORCL.
Pete is seeing unusual activity in MRVL, as traders purchased 4,750 of the 18April 20.50 calls from $0.63 to $0.71. Pete already owns an existing MRVL position, but noted that he will roll-out and up, as the buying keeps hitting in the name.
Jon sees unusual activity in ORCL, as traders purchased nearly 3,000 of the 18April 54 calls from $0.45 to $0.75. Jon bought these calls and noted that he plans to be in the position for about two weeks.