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Pete Najarian spoke on the show about unusual options activity in
InvenSense IncINVN.
Pete noticed that the September 18 call options were aggressively bought and traders were paying between $0.60 and $0.65 for them. Najarian decided to follow this trade, but he is planning to hold the position for three weeks.
Jon Najarian noticed bullish activity in
Zulily IncZU, in the June 14 calls. The premium more than doubled since Friday. Traders are now looking at the June 15 calls that expire this Friday. If the stock can hold above its 100-day moving average Jon Najarian believes that it could push towards $20.
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