Pete Najarian Sees Unusual Options Activity In Taiwan Semiconductor And Netflix

Pete Najarian said on CNBC's "Fast Money Halftime Report" that traders were buying the September $83 calls in Taiwan Semiconductor Mfg. Co. Ltd. TSM on Tuesday. Around 5,000 contracts were traded for approximately 50 cents. The trade breaks even at $83.50 or around 2.5% above the current stock price.

Today's Best Finance Deals

There was also some short-term activity in Netflix Inc NFLX. Traders were buying the September $550 calls on Monday and they bought the September $560 calls on Tuesday, explained Najarian. He added that these options expire on Friday.

Loading...
Loading...
NFLX Logo
NFLXNetflix Inc
$1210.00-0.41%

Stock Score Locked: Edge Members Only

Benzinga Rankings give you vital metrics on any stock – anytime.

Unlock Rankings
Edge Rankings
Momentum
94.27
Growth
92.51
Quality
89.40
Value
12.01
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment

Comments
Loading...