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On CNBC's "Fast Money Halftime Report", Jon Najarian spoke about unusually high options activity in Axalta Coating Systems Ltd (NYSE:AXTA) and Himax Technologies, Inc. (ADR) (NASDAQ:HIMX).
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Axalta traded sharply higher Wednesday and traders who wanted to participate in the rally — but who were afraid of buying at the top — turned to options. They bought around 6,000 contracts of the December 37 calls for $1. The trade breaks even at $38 or 7.25 percent higher.
Najarian also noticed high options volume in the January 14 calls in Himax Technologies, Inc. (ADR) (NASDAQ:HIMX). Options traders bought around 8,000 contracts in the first half of the trading session Wednesday. Najarian followed both trades and he is planning to hold them for two weeks.