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Jon Najarian Sees Unusual Options Activity In Peloton And IWM

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Jon Najarian Sees Unusual Options Activity In Peloton And IWM

On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in Peloton Interactive Inc (NASDAQ: PTON) and iShares Russell 2000 ETF (NYSE: IWM).

He said traders were buying calls in Peloton for quite a while and on Tuesday they bought the October 16, $115 strike calls for $4. Najarian followed the trade and he is planning to hold the position for three to five days.

He also bought the October $159 calls in IWM after he saw big volume in these calls. He is going to hold the position for two to three days.

 

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