Pete Najarian Sees Unusual Options Activity In Coca-Cola

On

, Pete Najarian said that he had been watching trading action in

on Wednesday. He noticed a huge trading volume in options market as more than 50,000 contracts were traded.

has not participated in the rally this year, while

is up 15 percent, explained Najarian. Bullish activity in the options market might be a sign of a change. Traders on Wednesday were buying the November weekly 41 calls and the January 45 calls. Najarian added that put to call ratio was ridiculous and that one of the reasons for bullish activity is the upgrade by Nomura.