Pete Najarian Sees Unusual Options Activity In Freeport-McMoRan And Micron


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Pete Najarian spoke on CNBC's "Fast Money Halftime Report" about unusually high options activity in Freeport-McMoRan Inc (NYSE:FCX) and Micron Technology, Inc. (NASDAQ:MU).

He saw huge activity in Freeport-McMoRan on Friday. Traders bought 4,500 contracts of the July $38 calls for 83 cents and 9,000 contracts of the July $41 calls for a little over a dollar.

When Micron was trading around $77, traders bought around 5,000 of the September $95 calls and 3,000 contracts of the August $95 calls.


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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Posted In: OptionsMarketsMediaCNBCFast Money Halftime ReportPete Najarian