Today on CNBC’s Halftime Report, the brothers noticed the following unusual activity:
Traders are aggressively buying the May 190 calls for $3.30 with earnings on April 26th. Jon will be in these with a 2-week time frame
Pete saw some activity in APX July 80 puts, which were deep in-the-money.
Also noted b yJon, a large diagonal trade was made in VXX today. Traders were buying the May 18 calls and selling the Sep 24 calls against them, creating a diagonal trade that is looking for a short-term increase in volatility. Jon will be in this one for 2 weeks or less.