Jon Najarian's Foot Locker, Inc. Trade

Jon Najarian said on the show that he took a long position in

on Friday. The stock opened the trading session higher and it managed to gain 2.24 percent by the end of the day, closing the session at $56.17. Najarian noticed some activity in call options, specifically in the November 57.50 calls and he decided to follow this trade. Some of the traders who bought this strike decided to sell the November 60 calls and cap their max profit. Najarian said that he is probably going to hold this position for three to four weeks. He added that he likes the upside potential of this stock.