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, Pete Najarian spoke about unusually high call options activity in
American Airlines Group IncAAL. He said that traders are selling to close the February 50 call options and buying the May 50 calls instead. Najarian explained that it seems that traders are losing patience in a quick recovery. He has a bullish position in the name, but he thinks that it may take some time before the trade gets profitable.
Jon Najarian noticed some bullish options activity in the June calls in
Achillion Pharmaceuticals, Inc.ACHN. He said that he opened a long position in the name and he explained that this is a long term play.
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