On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in MSFT, WDC, and updated us on one of Pete’s alerts from earlier (NRG).
Traders were buying MSFT July $76 calls, 15,000 of them. Jon is in these, and they expire next week.
Also, Jon is seeing activity in WDC, where traders were buying 8,500 July $96 calls, which expire next week. Jon is also in this one.
Finally, updating us on one of Pete’s picks earlier this week, traders bought July $17 calls on Monday for $.30. Those same calls were trading over $6 recently, marking a 20X return for those who jumped in. Jon and Pete took profits and are out of this name.