On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in WYN and YNDX.
Jon was seeing unusual call buying in WYN, where traders were buying the September $105 calls, 5,000 of them, for $1.50. Jon is in this name through mid-August.
Pete saw traders buying 4,500 November $34 calls in YNDX for $.90. The trade was also tied to put selling, which Pete said is another bullish indicator. Pete is in these for a month and thinks the stock can move higher.