On CNBC's Fast Money Halftime Report, Pete Najarian spoke about options trading volume in salesforce.com, inc. CRM. He said the stock started to trade lower on Friday on the news of a potential acquisition of Twitter Inc TWTR, but when it reached $70 in the early session on Wednesday, somebody stepped in and bought 6,000 contracts of the October 72.50 calls. Najarian decided to follow the trade and he bought the October 72.50 calls.
Jon Najarian noticed increased options volume in Corning Incorporated GLW. Options traders were buying the November 24 calls as the stock reached its 52 week high on Wednesday. Over 75,000 contracts of the November 24 calls were bought during the trading session and Jon Najarian is one of the traders who initiated a long position in the name.
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