Market Overview

Najarian Brothers See Unusual Activity In Activision Blizzard, Masco And More


On CNBC's "Fast Money Halftime Report," Pete Najarian spoke about high options activity in Activision Blizzard, Inc. (NASDAQ: ATVI). When the stock was trading at $52.30, he saw a purchase of 15,000 contracts of the October $55 calls in the name. He thinks the stock looks like it's ready to break out to the upside.

Najarian has also noticed a purchase of 5,000 contracts of the December $11 calls for 22 cents in Freeport-McMoRan Inc (NYSE: FCX). The trade breaks even at $11.22 or around 22% above the current stock price.

See Also: A Look At A Flurry Of Large Ford Option Trades

Jon Najarian saw some bullish activity in the October $44 calls in Masco Corp (NYSE: MAS). He loves the trade and he decided to follow it. He's planning to hold the position for two to three weeks.

Options traders were buying the October $11 calls in PG&E Corporation (NYSE: PCG), said Jon Najarian. He bought these calls as well and he is going to hold them for two to three weeks.


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