On today’s CNBC Halftime Report, Jon Najarian spotted some unusual option activity in MU & RRC.
Traders were after the MU June $31 calls, 25,000 of them, as the average volume in the stock exploded today. Jon is in this one for 2-3 weeks.
Also, Jon is seeing unusual activity in RRC. Traders were buying the 24/26 vertical call spread, looking for a 4X move in the next few weeks.