On CNBC's Fast Money Halftime Report, Jon Najarian spoke about bullish options activity in Kohl's Corporation KSS. He said traders were buying the May 42.5 calls and they were selling puts to finance the purchase. Najarian believes the stock is going to trade higher into the earnings and he decided to follow the trade. He is planning to hold the position for two to three weeks.
Najarian also noticed bullish activity in Lululemon Athletica inc. LULU. He said that short-term options traded significantly higher on private equity rumors. He has a long position in the name.
© 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.