Market Overview

Najarian Brothers See Unusual Options Activity In FedEx, MasterCard And More


On CNBC's "Fast Money Halftime Report," Pete Najarian said  he noticed some call options buying in FedEx Corporation (NYSE: 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 (NYSE: 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.

See Also: Option Trader Makes Massive Bets On Netflix Rebound

Jon Najarian noticed unusually high options activity in the Nov. $125 calls in Procter & Gamble Co (NYSE: 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 (NYSE: MA) were also active, explained Jon Najarian. He bought them as well and he is going to hold them for two to three weeks.

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


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