Options News
Pete Najarian Sees Unusual Option Activity in $TOL and $SNAP
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $TOL & $SNAP. In $TOL, traders are buying up more than 2,800 of the 04October $40 calls for $0.55 to $0.90. Pete bought these calls, and noted since they expire in a few days, to stay nimble. In $SNAP, traders bought 7,050 […]
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $TOL & $SNAP.
In $TOL, traders are buying up more than 2,800 of the 04October $40 calls for $0.55 to $0.90. Pete bought these calls, and noted since they expire in a few days, to stay nimble.
In $SNAP, traders bought 7,050 of the 11October $18.50 calls for $0.48 as part of a bullish roll from a previously winning position. Pete bought these calls as well, while defining his risk parameters.