Pete Najarian Sees Unusual Options Activity In Raytheon

Pete Najarian said on CNBC's "Fast Money Halftime Report" he noticed unusually high options activity in Raytheon Company RTN.

Around 10,000 contracts of the November 190 calls were traded in the first half of the trading session Monday. Traders were paying from $3.30 to $4.20 for them, which sets the break even in a range from $193.30 to $194.20. Najarian thinks the stock is about to break out to the upside and he decided to buy call options in the name.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CNBCOptionsMarketsMediaFast Money Halftime ReportPete Najarian
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!