Market Overview

Najarian Brothers See Unusual Options Activity In FireEye, Oracle, Mylan And Exelon


On CNBC's "Fast Money Halftime Report," Pete Najarian spoke about unusual options activity in FireEye Inc (NASDAQ: FEYE). He said options traders were buying the Friday expiring calls in the name. They bought over 6,000 contracts of the July 15.50 calls for 15 cents. Najarian loves the risk-reward of the trade so he decided to follow it.

Pete Najarian also noticed a call options purchase in Oracle Corporation (NYSE: ORCL). Traders were buying the Aug. 58 calls. Around 3,500 contracts were traded for 80 cents. Najarian bought the calls and he is planning to hold the position for a week and a half.

See Also: Option Trader Makes Aggressive Bearish Play On Mallinckrodt

Jon Najarian saw a purchase of the Aug. 21 calls in Mylan NV (NASDAQ: MYL). Around 6,000 calls were bought pretty aggressively for 55 cents, said Jon Najarian.

Options traders were also buying the Sept. 48 calls in Exelon Corporation (NYSE: EXC). They paid around 35 cents for them. Jon Najarian said he likes the risk-reward so he followed the trade and he is going to hold it for a month.

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


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