Options News
Pete Najarian Sees Unusual Option Activity in $MSFT & $DVN
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $MSFT & $DVN. Pete is seeing unusual activity in MSFT, as traders purchased 3,250 of the 04May $96.50 calls for 2.09, as part of a bullish spread. Pete owns MSFT calls and plans to hold about two weeks. In DVN, traders were buying […]
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $MSFT & $DVN.
Pete is seeing unusual activity in MSFT, as traders purchased 3,250 of the 04May $96.50 calls for 2.09, as part of a bullish spread. Pete owns MSFT calls and plans to hold about two weeks.
In DVN, traders were buying up 8,000 of the July $38 calls for 1.43 as part of a spread. Pete bought these calls and plans to hold them for about a month.
Pete also provided an update on BHGE, which he identified on April 12th, noting that they have more than doubled in price and that he took some of his position off but continues to seek additional upside with the rest.