Options News
Pete Najarian Sees Unusual Option Activity in $GLD and $SNAP
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $GLD & $SNAP. In GLD, traders are buying up 10,000 of the September $135 calls for $2.99, as part of a bullish spread. Pete rolled his position into these calls, turned the trade into a spread as well, and noted the activity […]
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $GLD & $SNAP.
In GLD, traders are buying up 10,000 of the September $135 calls for $2.99, as part of a bullish spread. Pete rolled his position into these calls, turned the trade into a spread as well, and noted the activity that has been hitting time and time again.
In SNAP, traders bought 7,250 of the 28June $15 calls from $0.30 to $0.41. Pete bought these calls as well and plans to be in them a couple of days.
Pete also updated a trade in DBX from June 5, after a previous update where he reduced his position on strength, noting that those calls have more than doubled and that he’s now out of the trade.