On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high bullish options activity in DraftKings Inc DKNG and Tenet Healthcare Corp 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.
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Options traders also bought the August $25 calls in Tenet Healthcare Corp 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.
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