On CNBC's "Fast Money Halftime Report," Jon Najarian said he saw unusually high options activity in the Nov. $39 calls in iShares FTSE/Xinhua China 25 Index FXI. Almost 16,000 contracts were traded and Najarian followed the trade. He is going to hold the position for two months.
He also noticed a purchase of the Nov. $55 puts in Agnico Eagle Mines Ltd AEM and he jumped in the trade. He is planning to hold them for two months.
Pete Najarian spoke about options activity in Industrial Select Sector SPDR Fund XLI. Traders were buying the Aug. $72 puts. Around 5,000 contracts were traded for $1.10. Pete Najarian bought the put options in the name.
Bank of America Corp BAC options were also active on Thursday. Around 12,000 contracts of the Oct. $28 calls were traded. Pete Najarian already owns the stock and he wants to sell these calls because of high implied volatility. He sees the high options activity as a bullish sign.
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