On yesterday’s CNBC Halftime Report, Jon and Pete Najarian saw unusual option activity in XPO and X.
Jon noticed call buying in the Aug $65/70 call spreads. Jon is in the stock and the calls.
Pete was focused on the steel stocks, noticing a trader buying the Jul $24 calls, just after seeing call buying for Aug last week. Pete is in the August calls cited last week.
Pete also updated us on MT, where he noticed June upside call buying last week. Today, those calls are trading higher, and Pete is taking profits.