On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $HBI, $DAL and $JUNO.
Traders were buying 5,000 HBI February $24 calls for $.50-60.
In DAL, traders were buying the January $60 calls for about $.60. These contracts expire this Friday, so the stock would need to see a swift move higher for this trade to profit. Pete owns these calls and in the stock, and is holding them through expiration.
Pete also updated us on JUNO from September, where traders were buying the February $52.5 calls for $2.5. Those calls are now trading for $33. We have seen recent unusual activity in the biotech space, as traders get interested in the sector once again.