Options News
Pete Najarian Sees Unusual Option Activity in $MS and $JPM
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $MS & $JPM, plus an update on $SNAP. In MS, traders are buying up 3,000 of the 26July $45 calls for $0.74 as part of a bullish roll. Pete bought these calls. In JPM, traders bought 3,000 of the 26July $116 calls […]
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $MS & $JPM, plus an update on $SNAP.
In MS, traders are buying up 3,000 of the 26July $45 calls for $0.74 as part of a bullish roll. Pete bought these calls.
In JPM, traders bought 3,000 of the 26July $116 calls for $1.00 as part of a bullish spread. The trade breaks even with the shares of J.P. Morgan over $117.00, and Pete bought these calls as well.
Pete also updated a trade in SNAP from June 10, noting that those calls have more than doubled and that he’s now out of the trade.