On CNBC's "Fast Money Halftime Report," Pete Najarian spoke about high call options activity in L Brands Inc (NYSE:LB). He explained that around 11,000 contracts of the December $20 calls were traded in the first half of the session. Traders paid 20 cents for these calls and they expire next Friday.
Around 5,000 contracts of the December $49 calls in Metlife Inc (NYSE:MET) were traded for 80 cents. The trade breaks even at $49.80 or 1.78% above the closing price on Thursday.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
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.
See Also: Aurinia Pharmaceuticals Call Buyers Hit The Jackpot With Well-Timed Option Trades
Jon Najarian noticed that options traders were buying the December $32 calls in Luckin Coffee Inc - ADR (NASDAQ:LK). He followed the trade and he is going to hold the position for two weeks.