Options News
Pete Najarian Sees Unusual Option Activity in $BP and $MPC
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $BP & $MPC, plus a Final Trade in $VMW. In $BP, traders are buying more than 7,490 of the April $39 calls for $0.76 to $0.77 as part of a bullish spread. Pete bought these calls, noting he’s been looking for a […]
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $BP & $MPC, plus a Final Trade in $VMW.
In $BP, traders are buying more than 7,490 of the April $39 calls for $0.76 to $0.77 as part of a bullish spread. Pete bought these calls, noting he’s been looking for a reason to get long the name.
In $MPC, traders bought 4,610 of the April $62.50 calls for $3.75 to $3.77. Pete owns MPC calls as well and noted that at the time, half of the day’s unusual activity was coming from the energy space.
Lastly, Pete chose $VMW for his Final Trade, noting upside activity in the April $160 calls.