Jon Najarian spoke on CNBC's "Fast Money Halftime Report" about Occidental Petroleum Corporation OXY. The stock is trading lower Wednesday, but options traders were buying upside calls, said Najarian. Almost 3,000 contracts of the December 70 calls were traded and Jon Najarian decided to follow the trade. He's going to hold the position for two weeks.
Pete Najarian noticed aggressive call options buying in Qorvo Inc QRVO. Almost 7,000 contracts of the November 82.50 calls were bought in the first half of the trading session. Pete Najarian explained that options traders are probably playing for the break out. He followed the trade and he thinks that the stock might move to $85.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.