On CNBC's "Fast Money Halftime Report," Pete Najarian said he noticed some call options buying in FedEx Corporation FDX when the stock was trading at around $150. Around 3,000 contracts of the Sept. $162.50 calls were traded. They were also selling the Sept. $170 calls. Pete Najarian bought the Sept. $162.50 calls and he is going to hold them for a month.
Around 22,000 contracts of the Sept. $40 calls in SPDR S&P Retail XRT were traded for 22 cents, said Pete Najarian. The breakeven for the trade is at $40.22. Najarian followed the trade and he is going to be in it for a short term.
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Jon Najarian noticed unusually high options activity in the Nov. $125 calls in Procter & Gamble Co PG. He jumped in the trade and he is going to hold the position until the first or second week of October.
The Sept. $280 calls in Mastercard Inc MA were also active, explained Jon Najarian. He bought them as well and he is going to hold them for two to three weeks.
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