Jon Najarian Sees Unusual Options Activity In JETS And Skillz

On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in US Global Jets ETF JETS and Skillz Inc SKLZ.

US Global Jets ETF has already declined by about 10% last week and options traders are betting it goes even further. They were buying the August 27, $21-strike puts when the stock was trading just above $21. Najarian decided to follow the trade.

He has also noticed some bullish call buying in Skillz Inc SKLZ. The August 27, $11-strike calls were active in the name. Najarian bought the August $10 calls and he is hoping to sell upside calls if we get a move higher in Skillz.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsMediaCNBCFast Money Halftime ReportJon Najarian
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!