Options News
Pete Najarian Sees Unusual Option Activity in $RIG and $MU with @jimcramer
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $RIG & $MU, alongside Jim Cramer. In RIG, traders are buying up more than 6,000 of the 12July $6 calls for $0.15 to $0.18. Pete bought these calls, noting that the activity apparently adds to trades he was watching on Friday. In […]
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $RIG & $MU, alongside Jim Cramer.
In RIG, traders are buying up more than 6,000 of the 12July $6 calls for $0.15 to $0.18. Pete bought these calls, noting that the activity apparently adds to trades he was watching on Friday.
In MU, traders bought 4,000 of the July $33 calls for $1.77 as part of a bullish spread. Pete bought these calls as well and Jim noted the company’s low valuation multiple.