Options News
Pete Najarian Sees Unusual Option Activity in $CZR and $MPC
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $CZR & $MPC, plus an update on $BAC. In $CZR, traders are buying up more than 5,000 of the November $12 calls for $0.26 as part of a bullish roll. Pete noted that if these calls double quickly, he’ll be taking half […]
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $CZR & $MPC, plus an update on $BAC.
In $CZR, traders are buying up more than 5,000 of the November $12 calls for $0.26 as part of a bullish roll. Pete noted that if these calls double quickly, he’ll be taking half off the table to respect discipline.
In $MPC, traders bought 20,000 of the January $72.50 calls for $1.97, also as a bullish roll. Pete owns MPC stock and calls and noted the continued upside activity in the name.
Lastly, Pete updated his trade in $BAC from Aug. 15, noting to viewers that with those calls now being in-the-money, they will be exercised into stock if not sold today, as they expire.