Loading...
Loading...
Pete Najarian spoke on the show about unusually high options activity in
Masco CorporationMAS.
Najarian explained that traders were selling to close their January 23 call options to purchase the February 24 calls, expecting the stock to move above $24 and test its 52-week highs. More than 7,000 contracts were bought on Tuesday and traders paid around $1.05, said Najarian, who decided to follow the big money and buy the February 24 calls. He is planning to hold this position for a month.
Masco gained 1.78 percent and closed at $23.39 on Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in