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Najarian Brothers See Unusual Option Activity in $NVRO, $ACHC & $MSFT

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $NVRO, $ACHC and $MSFT. Jon sees unusual activity in NVRO, where 3,000 of the February $45 calls were bought for 2.80 as part of a complex bullish spread, selling both upside calls and downside puts against the position. Jon bought these calls, plans […]

By Chris Sykora · November 27, 2018
Najarian Brothers See Unusual Option Activity in $NVRO, $ACHC & $MSFT

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

Jon sees unusual activity in NVRO, where 3,000 of the February $45 calls were bought for 2.80 as part of a complex bullish spread, selling both upside calls and downside puts against the position. Jon bought these calls, plans to be in them for at least a month, and noted that Point72 had been adding to the name as of its last 13F statement.

Pete is seeing seeing unusual activity in ACHC, as traders purchased 8,750 of the December $35 calls for 1.47 to 1.48 as part of a bullish roll. Pete bought these calls and plans to be in them for at least a couple of weeks.

Pete also sees unusual activity in MSFT, in the form of 13,400 30November $110 calls being bought from 0.11 to 0.34. Pete owns MSFT calls, noting the other unusually bullish activity in the name which he cited yesterday.