Najarian Brothers See Unusual Options Activity In Snap And Infinera

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On CNBC's Fast Money Halftime Report, Pete Najarian said he noticed high options activity in Snap Inc SNAP. He said that traders bought 4,500 contracts of the May 22 calls for $1.50 in the first half of the trading session. The trade breaks even at $23.50 or 6.77 percent above the closing price on Thursday. Najarian likes the stock and he decided to follow the trade.

Jon Najarian noticed unusual options activity in Infinera Corp. INFN. Traders were buying the June 10 calls and he bought them too. He plans to hold the position for one month.

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Posted In: CNBCOptionsMarketsMediaFast Money Halftime ReportJon NajarianPete Najarian
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