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Pete Najarian Sees Unusual Option Activity in $CELG & $DVN

On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $CELG and $DVN. Pete is seeing unusual activity in CELG, as traders purchased over 3,000 of the Weekly 10August $91 calls from 0.30 to 1.19. Pete bought these calls, and noted that there was an insider buy yesterday for 500,000 shares, and that the Weekly […]

By Chris Sykora · August 8, 2018
Pete Najarian Sees Unusual Option Activity in $CELG & $DVN

On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $CELG and $DVN.

Pete is seeing unusual activity in CELG, as traders purchased over 3,000 of the Weekly 10August $91 calls from 0.30 to 1.19. Pete bought these calls, and noted that there was an insider buy yesterday for 500,000 shares, and that the Weekly $92 calls were also being purchased.

Pete also sees unusual activity in DVN, as traders purchased 5,250 of the October $43 calls for 2.03 to 2.14. Pete bought these calls and cited that there was unusual activity in the October $45 strike calls as well, yesterday.