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Jon Najarian Sees Unusual Options Activity In Salesforce

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On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in salesforce.com, inc. (NYSE: CRM).

Learn from Jon Najarian and other traders in person at the Benzinga Global Trading & Investing Summit June 20 in New York City!

He noticed options traders were buying aggressively the June 157.50 calls in the first half of the session on Tuesday. Around 4,000 contracts were traded and they were paying around $5 for them. The trade breaks even at $162.50 or 3.83 percent above the current stock price. Najarian suggested it might be a good idea to turn the position in the call spread.

Posted-In: CNBC Fast Money Halftime Report Jon NajarianOptions Markets Media

 

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