Jon Najarian Sees Unusual Options Activity In Morgan Stanley

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On CNBC's Fast Money Halftime Report, Jon Najarian said that he noticed unusually high bullish options activity in Morgan Stanley MS.

He explained that somebody sold 5,000 contracts of the June 44 puts for $1.38 in the first half of the trading session. If the stock stays above $44 at the June expiration, the trader is going to make $690.000. The trade is going to lose money, if the stock trades below $42.62. Najarian added that a lot of his traders followed the trade, but he is not yet in the position.

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Posted In: CNBCOptionsMarketsMediaFast Money Halftime ReportJon Najarian
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