Jon Najarian spoke on CNBC's "Fast Money Halftime Report" about unusually high options activity in PulteGroup, Inc. PHM and Las Vegas Sands Corp. LVS.
Traders were buying the July $60 calls in PulteGroup when the stock was trading around $57, said Najarian. He loves the trade and he decided to jump in. He is planning to hold the position for two months.
Around 17,500 contracts of the June $57 calls were traded in Las Vegas Sands in the first half of the trading session. Najarian bought these calls as well and he is going to be in the trade for two weeks.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.