On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $MGM and $VST, plus an update on $PCG.
In $MGM, traders are buying up 5,000 of the 01November $28 calls for $0.70 as part of a bullish spread. Jon bought these calls and will be in them for two weeks.
In $VST, traders bought 5,000 of the November $28 calls for $0.55. Jon bought these as well and will hold them for a full month.