On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in WFT, ADI and NRG.
Jon was seeing some activity in WFT, where traders were buying 13,000 October $4.50 calls. Jon is in this one for 2 weeks. He also was watching as traders bought 5,000 ADI $87.50 October calls, which were out-of-the-money. Jon is also in these calls.
Pete alerted us to one of his recent favorite trades, in NRG. Traders came in again today and bought 6,000 NRG Oct $26 calls, for $.65. Pete is in these for 1 month, and is looking for more upside in the name.