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Pete Najarian spoke on CNBC's "Fast Money Halftime Report" about unusually high options activity in Dow Inc (NYSE:DOW) and AES Corp (NYSE:AES).
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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Options traders were buying the December $55 calls in Dow Inc. Around 6,000 contracts were traded for $2.25 in the first half of the session on Friday. Najarian bought the stock and he is selling premium against the long position.
He also noticed some buying in the October $19 calls in AES Corp. Around 14,000 contracts were traded for 25 cents in the first half of the session. Najarian jumped in the trade and bought these calls.