On CNBC's Fast Money, Pete Najarian spoke on the show about unusually high options activity in Deutsche Bank AG (USA) DB on Friday.
Najarian said that Deutsche Bank AG (USA) is trading underneath a half of its book value, pricing in all the negative news about Europe. He added that there was a huge buying in the April 35 call options as over 20,000 contracts were traded. Traders were paying $0.55 for the strike to make a bullish bet.
Deutsche Bank AG (USA) jumped 0.54 percent on Friday and it closed at $29.89.
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