Najarian Brothers See Unusual Option Activity in $BUD, $SNAP and $CRTO

On today’s CNBC Halftime Report, Pete reminded viewers of some call buying in BUD back in March, where 22,000 May 115 calls were bought for $1.10. Today, those calls were sold today for $4.40, and the traders rolled them to the Sept 130 calls for $2.25, seeking a much higher move in BUD through September. Pete is in these through the September expiration.

Meanwhile, Jon saw some activity in SNAP, where he sees call buying into earnings next week 8,000 May $27.50 calls. Jon is holding this through earnings next week.

Also, as a bonus, Jon discussed CRTO put buying yesterday, and the stock is down today. Jon is taking profits in this name.

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