Najarian Unusual Activity in WFM & FXI

Today on CNBC’s Halftime Report, Jon and Pete are seeing Unusual Option Activity in 2 names:

WFM

Traders bought 5,000 WFM Nov 34 calls for $3.40, which indicates aggressive buying. These contracts will mirror the stock since these are just in-the-money. Pete will be in these for a few months.

FXI

Jon spotted a 3-way bullish options trade in FXI.  Traders were selling puts to buy the May 38/39.50 vertical spread, meaning they were looking for a quick upward movement from now until may. Jon is in this trade for about 2 weeks.

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