Market Overview

Jon Najarian Highlights Unusual Activity In American Airlines And Facebook


On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in American Airlines Group Inc (NASDAQ: AAL) and Facebook, Inc. (NASDAQ: FB).

American Airlines traded 2.37% higher on Tuesday and options traders were buying the November $29 calls. Najarian noticed traders were buying calls in big blocks so he decided to follow the trade. He is going to hold the position for about a month.

Facebook position as the stock traded more than five points higher and Najarian decided to add to his long position in the name. He noticed a purchase of the November $195 calls and he thinks the stock has more room on the upside.

Related Links:

Big Tech Earnings Season: Here's How Large Options Traders Are Positioning

Big Bank Earnings Beats Embolden Large Bank Of America Option Traders

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


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