Pete Najarian Sees Unusual Option Activity in $SGMS

On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in SGMS.

Back in February, traders were buying the Jan 2018 $22 calls for $3. Today, the traders are selling those calls for $11, and are rolling into the Jan 2018 $35 calls. This trader locked in a huge profit, and seems to think the stock is going higher. Pete is in these through January, and is looking for the continued follow through.