Jon Najarian Sees Unusual Options Activity In Nike And CVS

by Craig Jones, Benzinga Staff Writer

June 4, 2017 6:16 PM | 1 min read | Make a Comment

Jon Najarian said that

Nike IncNKE

had unusually high options volume Friday. Traders were buying the June 9, 53 and 53.50 strike calls. Usual options volume in the June 53 calls in

Nike

is around 500 contracts and in the first half of the trading session, around 6,000 contracts were traded. Najarian is bullish on the stock and he bought the calls.

He also noticed a large options volume in CVS Health Corp CVS. Traders were buying the January 90 calls and they paid around $0.90 for them. The trade breaks even at $90.90 or around 15 percent higher from the closing price on Friday. Najarian also owns calls in CVS Health Corp.

Market News and Data brought to you by Benzinga APIs