Unusual Activity in EBAY & MRO

Jon and Pete are seeing unusual activity today in EBAY and MRO.

EBAY

Back in February, the brothers alerted us to some in-the-money (at that time) call buying in EBAY. Today, traders were buying the May 36 strike calls and selling the May 38 calls, creating a vertical spread for a combined $.50. This is a bullish bet that EBAY will be higher in May.

MRO

Traders were also buying 13,000 of the Oct 18 calls in MRO. These are longer term calls, so Jon will be in these for a few months!

Click Here to view the video on CNBC.com!