Options News
Najarian Brothers See Unusual Option Activity in $STZ, $PM & $SNAP
On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $STZ, $PM and $SNAP. Jon is seeing unusual activity in STZ, as over 13,000 of the January $220 calls were bought from 11.60 as part of a complex bullish spread. Jon bought these calls and plans to be in them for around four […]
On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $STZ, $PM and $SNAP.
Jon is seeing unusual activity in STZ, as over 13,000 of the January $220 calls were bought from 11.60 as part of a complex bullish spread. Jon bought these calls and plans to be in them for around four months, noting Constellation Brands is a clear under-performer year-to-date.
Pete is seeing unusual option activity in PM, where 4,200 of the October $85 calls were bought for around 1.65. Pete is eyeing a position but at the time had not yet bought.
Pete also sees unusual activity in SNAP, in the September $14 calls, as 8,200 were bought for 0.21 to 0.22. Pete owns SNAP calls.