On CNBC's Fast Money, Najarian brothers spoke about stocks that that caught their attention because of a high options activity they had on Wednesday.
Jon Najarian noticed some buying activity in the February 50 calls in American Airlines Group Inc AAL. Traders bought these because of low crude oil and jet fuel prices and Najarian decided to follow the trade. He is planning to hold this position for a month.
Pete Najarian bought call options in BHP Billiton Limited (ADR) BHP because he spotted unusually high options activity in the name. On July 24 somebody bought 10,000 contracts of the September 37.5 calls and on Wednesday the trader decided to take profits and buy the September 42 call options for $0.69. He is also going to stay in the position for at least a month.
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