Market Overview

Jon Najarian Sees Unusual Options Activity In ON Semiconductor And Rambus

Share:

On CNBC's "Fast Money Halftime Report", Jon Najarian spoke about unusually high options activity in ON Semiconductor Corp (NASDAQ: ON) and Rambus Inc. (NASDAQ: RMBS).

He said that options traders were buying calls in ON Semiconductor aggressively. Around 30,000 contracts of the April $25 calls were traded for around a dollar. The trade breaks even at $26 or around 30% above the current stock price. Najarian followed the trade and he is going to hold the position for several months.

Over 5,000 contracts of the Oct. $14 calls in Rambus were traded on Friday. Najarian bought these calls and he is going to be in the position for two to three weeks.

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

 

Related Articles (RMBS + ON)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

5 Tips For Figuring Out What To Wear On The First Day On The Job In Finance

National Freight Volumes Closing In On Two-Month Winning Streak