Options News
Pete Najarian Sees Unusual Option Activity in $X
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $X. Pete is seeing unusual activity in X, as traders purchased 5,000 of the November $24 puts for 0.73 to 0.75 as part of a bearish roll from the November $26 strike. Pete bought these puts and noted that if they double he’d take off […]
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $X.
Pete is seeing unusual activity in X, as traders purchased 5,000 of the November $24 puts for 0.73 to 0.75 as part of a bearish roll from the November $26 strike. Pete bought these puts and noted that if they double he’d take off half, citing that the roller of these puts practiced the same discipline as the November $26 puts had printed a double today.
Pete also provided an update on the SNAP trade noted on October 16 citing that the $7 strike puts had about doubled with the stock trading on a $6 handle and he took the trade off.