Najarian Brothers See Unusual Options Activity In Melco And EOG Resources


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Jon Najarian spoke on CNBC's "Fast Money Halftime Report" about a big call options volume in Melco Resorts & Entertainment Ltd(ADR) (NASDAQ:MLCO). He noticed that traders were buying the June 24 calls and he decided to follow the trade.

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Pete Najarian said that around 11,000 contracts of the January 100 calls in EOG Resources Inc (NYSE:EOG) were purchased on Tuesday. He likes the trade, but he thinks that these options are very expensive, so he decided to buy a call spread.


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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.


Posted In: CNBCOptionsMarketsMediaJon NajarianPete Najarian