Pete Najarian Sees Unusual Options Activity In JD.Com

On

, Pete Najarian spoke about

and unusually high options activity that he noticed in the name. Najarian explained that traders were buying the June 29 call options last week and on Tuesday the April weekly 30 calls and the May 30 calls were interesting for them. They paid $0.70 for the April weekly 30 calls and $1.30 for the May 30 calls, which sets breakeven for these trades at $30.70 and $31.30, respectively. He added that the buying was very aggressive, which makes him wonder if something is going on with the stock. Najarian believes that the stock is ready to break out on the upside.