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Pete Najarian Sees Unusual Option Activity in $BUD and $KRE

On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $BUD & $KRE. In $BUD, traders are buying nearly 5,000 of the 01November $81 calls for $0.36 to $0.63. Pete noted these calls expire this Friday so it is a very short term trade. In $KRE, traders bought 10,000 of the December […]

By Chris Sykora · October 30, 2019
Pete Najarian Sees Unusual Option Activity in $BUD and $KRE

On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $BUD & $KRE.

In $BUD, traders are buying nearly 5,000 of the 01November $81 calls for $0.36 to $0.63. Pete noted these calls expire this Friday so it is a very short term trade.

In $KRE, traders bought 10,000 of the December $56 calls for $1.21 to $1.23 as part of a bullish roll. Pete bought these calls and will be in them through their December expiration cycle.