On today’s CNBC Halftime Report, Jon Najarian picked up some unusual option activity in SBAC.
In a market that is selling off fairly hard today, SBAC stock is trading $4 higher. Jon is seeing some activity in the Sept $150 calls, with traders selling the Sept $155 calls against, creating a bullish vertical spread.
This spread is out-of-the-money, and Jon thinks it is due to the anticipation of 5G cellular networks in the near future. Jon is in this trade and will be holding it for 2 months.