Options News
Pete Najarian Sees Unusual Activity in $MT
On today’s CNBC Halftime Report, Pete Najarian alerted us to some unusual option activity in MT. In light of recent upgrades in steel stocks, traders were buying up the MT 30June $21.5 calls for $.35, with the stock trading around $21. Pete says if the stock can break through the 50-day moving average, there is […]
By Chris Tsiolis · June 23, 2017
On today’s CNBC Halftime Report, Pete Najarian alerted us to some unusual option activity in MT.
In light of recent upgrades in steel stocks, traders were buying up the MT 30June $21.5 calls for $.35, with the stock trading around $21. Pete says if the stock can break through the 50-day moving average, there is some room for upside.