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On CNBC's "Fast Money Halftime Report", Jon Najarian shared with the viewers an options trading idea in SBA Communications Corporation (NASDAQ:SBAC). He noticed big call options volume in the name and he thinks it would be a good idea to get a long position.
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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Najarian said that traders were buying the September 150/155 call spread in the first half of the session on Wednesday. He believes that the stock could move significantly higher as people start to switch to 5G technology. SBA Communications Corporation has around 15,000 towers and sites in the United States and around 10,000 towers and sites in Canada and South America, explained Najarian.
The bet is that the stock is going a lot higher by September. Najarian decided to follow the trade and he is going to hold it for two months.