On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusually high options activity in Scientific Games Corp SGMS.
He noticed that a trader bought 11,000 contracts of the January 35 calls. Najarian decided to follow the trade and he is planning to hold the position for a couple of months. He likes the trade, because this trader has already had a right bet in Scientific Games Corp. In February 2017, she or he purchased the January 22 calls for $3 and sold it on Monday for $11.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in