On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in Uber Technologies Inc UBER and United Airlines Holdings Inc UAL.
Options traders were buying the July 2 expiration, $50.50-strike calls in Uber when the stock was trading under $50. Najarian is in these calls.
Around 10,000 contracts of the January $65 calls were traded in United Airlines in the first half of the session on Wednesday. The strike is around 18% above the current stock price. Najarian jumped in the trade and he is planning to hold the position for several months.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
