Pete Najarian Signals Unusual Option Activity in Three Mid-Cap Stocks

Pete Najarian was on CNBC’s Halftime Report today to talk about Unusual Options Activity in Kraft Heinz Corporation ($KHC), American International Group ($AIG), and Uber ($UBER). 

All three of these companies live in the $50B market cap territory, with two of them boasting favorably low price-to-earnings ratios.

Kraft Heinz for instance carries a P/E ratio of 18.3, compared to a U.S. Food Industry average of 20.2. American International Group carries an even lower P/E ratio, sitting at 8.0! This compares favorably to the U.S. Insurance Industry average of 10.6. So, pretty nice ratios for $KHC and $AIG.

And then, there’s Uber. In order to have a P/E, you have to be something that Uber is not: profitable. But that isn’t stopping one trader from taking a bullish stance on this ride-share company! With back to back short-term buys totaling over $700,000 in value, we have to pay attention. 

Listen to Pete break it all down below.