On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in ETE & TEVA.
Jon was seein gcall buying in the ETE Aug $18 strike, where traders were rolling out their trade to August. They were paying $.67 per contract, and Jon is in these for at least 2 weeks.
Pete was eyeing some activity in TEVA, where traders were buying 7,600 Aug $30 puts bought for $.65. Pete is not in this trade, as he thinks that these puts might be used as protection against a stock position. Pete thinks the stock is going higher.