On CNBC's Fast Money Halftime Report, Jon Najarian said that he noticed unusually high bullish options activity in Ciena Corporation CIEN on Wednesday. He explained that traders were buying the January 22/26 call spread. He decided to follow the trade and he is planning to hold it for 1-2 months.
Pete Najarian noticed some buying activity in the October 13 calls in Nabors Industries Ltd. NBR. Around 9,200 contracts were traded on Wednesday and the premium was between $0.40 and $0.45. The break even for the trade is at $13.45 or approximately 4.5 percent higher. Pete Najarian is also long the October 13 calls and he is going to hold them for a week.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.