Pete Najarian Sees Unusual Options Activity In Nio And DraftKings


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Pete Najarian spoke on CNBC's "Fast Money Halftime Report" about unusually high options activity in Nio Inc - ADR (NYSE:NIO).

He said it started early in August and this was the fourth trading session with unusually high options activity this month. Traders were buying the August $16.50 calls on Tuesday. These calls expire on Friday, but more than 60,000 contracts were traded. Najarian owns call options in the name.

Around 12,000 contracts of the August $40 calls in DraftKings Inc (NASDAQ:DKNG) were traded on Tuesday. Najarian owns shares of DraftKings and he thinks that if the stock jumps above $40, there will be plenty of room on the upside.


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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