On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $SPY, $DWDP and $BAC.
Jon Najarian was seeing that traders sold out of the SPY January $270 and bought 150,000 January $275 calls. This is a huge bet that the market will move higher in the next few weeks.
Also, Jon is seeing DWDP February $75 call buying. Jon will be in this trade for a few weeks.
Pete Najarian is seeing traders selling the BAC $January $30 calls to buy 59,000 March $32 calls. Pete thinks the stock is breaking out and is in these options.