On today’s CNBC Halftime Report, Jon Najarian is spotting some unusual option activity across the airline sector.
First up is JBLU, where traders were buying Oct $18 and Nov $20 calls. Jon is holding these for 2 weeks. In LUV, traders were buying Jan $55 calls. Jon is holding these for 3 months. Finally, traders were also buying AAL in the Nov $50 calls. Jon is in these for 2 weeks.