Jon Najarian Sees Unusual Option Activity in $MGM and $VST

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.

Lastly Jon update his unusual activity trade in $PCG and noted that he has taken half of his position off, with it having doubled in just under a week!

WEBINAR SPECIAL OFFER

TRY AJ's EQUITY ENGINE

Power your portfolio in 2023 with AJ MONTE

Days
Hours
Minutes
Seconds