Options News
Pete Najarian Sees Unusual Option Activity in $INTC & $CI
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $INTC and $CI. Pete is seeing unusual activity in INTC, as traders purchased 9,000 of the 02November $46 calls for 1.60 as part of a complex bullish spread, selling both a higher strike call and lower strike put. Pete bought these calls, owns INTC stock, […]
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $INTC and $CI.
Pete is seeing unusual activity in INTC, as traders purchased 9,000 of the 02November $46 calls for 1.60 as part of a complex bullish spread, selling both a higher strike call and lower strike put. Pete bought these calls, owns INTC stock, and notes that these calls do capture the company’s earnings report expected in late October.
Pete also sees unusual activity in CI, as traders purchased 14,000 of the January $220 calls from 2.50 to 2.90. Pete bought these calls and turned the position into a spread.