On CNBC's "Fast Money Halftime Report," Pete Najarian spoke about Western Digital Corp (NASDAQ:WDC), which got upgraded to Buy on Friday at Goldman Sachs. The analyst increased the price target from $56 to $85.
Najarian bought the March $66.50 calls in Western Digital because he noticed unusually high volume. Around 5,000 contracts were traded and they expire in a week. He said that Western Digital is one of the stocks with better valuation.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Najarian also bought calls in Murphy Oil Corporation (NYSE:MUR) because he is looking for upside in the energy sector. He also noticed unusually high options activity in Murphy Oil.
Square Inc (NYSE:SQ) and Community Health Systems Inc (NYSE:CYH) were among the stocks that caught Najarian's attention on Friday. He bought calls in these names.