Jon Najarian Sees Unusual Options Activity In JetBlue

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On CNBC's Fast Money Halftime Report, Jon Najarian spoke about high options trading volume in JetBlue Airways Corporation JBLU.

He noticed on Friday that traders are buying the January 22 calls in the name and they bought them in big numbers and big blocks, some as large as 6,000 contracts. A total volume in the January 22 calls, in the first half of the session, was around 13,800 traded contracts.

Najarian decided to initiate a long position in JetBlue with a call spread in the January expiration options. He is planning to stay in the position for two weeks to three weeks.

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Posted In: CNBCOptionsMarketsMediaFast Money Halftime ReportJon Najarian
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