Jon Najarian Sees Unusual Options Activity In New Oriental Education And Western Union

Jon Najarian spoke on CNBC's "Options Action" about unusually high options volume in New Oriental Education & Tech Group EDU and Western Union WU.

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Options traders bought almost 12,000 contracts of the June $15 calls in New Oriental Education during the first half of the session on Monday. Najarian jumped in the trade.

The August $26 calls were active in Western Union and Najarian decided to buy these as well. In both cases, he is planning to sell upside calls as the day progresses.