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Pete Najarian Sees Unusual Option Activity in $UAA & $COP

On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $UAA and $COP. Pete is seeing unusual activity in UAA, as traders purchased 4,400 of the July $23 calls for about a dollar. Pete owns UAA calls and plans to hold them for about two weeks. Pete is also seeing unusual activity in COP, where […]

By Chris Sykora · June 27, 2018
Pete Najarian Sees Unusual Option Activity in $UAA & $COP

On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $UAA and $COP.

Pete is seeing unusual activity in UAA, as traders purchased 4,400 of the July $23 calls for about a dollar. Pete owns UAA calls and plans to hold them for about two weeks.

Pete is also seeing unusual activity in COP, where nearly 7,000 of the July $70.50 calls were bought for 1.12-1.29. Pete also bought these calls and plans to be in them for a couple of weeks as well.