Jon Najarian spoke on CNBC's Fast Money Halftime Report about bullish options activity in Salesforce.com, inc. CRM and Apple Inc. AAPL.
He noticed somebody sold almost 10,000 contracts of the May 75 puts and bought almost 10,000 contracts of the May 90 calls in Salesforce in the first half of the trading session on Monday. Najarian explained that the May expiration indicates that traders are expecting a move higher soon.
Najarian also said there was a huge volume in Apple. Traders bought 60,000 contracts of the June 145 calls for an average price of $3.20. They're betting the stock is going to trade more than 6.36 percent higher at the June expiration.
© 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.