Loading...
Loading...
On
CNBC's Fast Money Halftime Report, the Najarian brothers spoke about stocks with unusually high options activity.
Pete Najarian said that
Facebook IncFB could test again its highs at $82, because he noticed big trading volume in the March 13, 85 strike calls. Over 8,000 contracts traded in the first hour and a half of Friday's session, added Najarian. Traders were paying around $0.30 for these options and the breakeven for the trade is at $85.30 or almost 7 percent higher.
Jon Najarian noticed that someone bought around 13,000 contracts of the April 85 call options in
Prudential Financial IncPRU and most of them were traded at $1.50. He decided to follow this trade and he is planning to stay long for at least two weeks. To be profitable at the expiration these call options have to trade above $86.50 or approximately 5 percent higher.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
---|
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!
Already a member?Sign in