Jon Najarian Sees Unusual Options Activity In Peloton And IWM


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On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in Peloton Interactive Inc (NASDAQ:PTON) and iShares Russell 2000 ETF (NYSE:IWM).


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He said traders were buying calls in Peloton for quite a while and on Tuesday they bought the October 16, $115 strike calls for $4. Najarian followed the trade and he is planning to hold the position for three to five days.

He also bought the October $159 calls in IWM after he saw big volume in these calls. He is going to hold the position for two to three days.

Posted In: OptionsMarketsMediaCNBCFast Money Halftime ReportJon Najarian