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

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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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