Market Overview

Jon Najarian Sees Unusual Options Activity In DraftKings, Tenet

Share:
Jon Najarian Sees Unusual Options Activity In DraftKings, Tenet

On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high bullish options activity in DraftKings Inc (NASDAQ: DKNG) and Tenet Healthcare Corp (NYSE: THC).

DraftKings traded sharply higher on Thursday and options traders are buying the September $35 calls. Around 7,200 contracts were traded when the stock was trading at $34. Najarian followed the trade and he is going to hold it as long as he can stomach it.

See Also: DraftKings 'The Clearest Beneficiary' Of Very Strong New Jersey iGaming Numbers

Options traders also bought the August $25 calls in Tenet Healthcare Corp (NYSE: THC) on Thursday. They paid around 95 cents for them. The trade breaks even at $25.95 or 16.32% above the current stock price.

Najarian bought these calls and he is planning to hold them for most of the month.

 

Related Articles (THC + DKNG)

View Comments and Join the Discussion!

Posted-In: CNBC Jon Najarian Options ActionOptions Markets Media Best of Benzinga