On CNBC's Fast Money Halftime Report, Jon Najarian spoke about high options trading volume in JetBlue Airways Corporation JBLU.
He noticed on Friday that traders are buying the January 22 calls in the name and they bought them in big numbers and big blocks, some as large as 6,000 contracts. A total volume in the January 22 calls, in the first half of the session, was around 13,800 traded contracts.
Najarian decided to initiate a long position in JetBlue with a call spread in the January expiration options. He is planning to stay in the position for two weeks to three weeks.
© 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.