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Jon Najarian Sees Unusual Options Activity In Wells Fargo, Twilio and Macy's

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Jon Najarian Sees Unusual Options Activity In Wells Fargo, Twilio and Macy's

Jon Najarian on CNBC's "Halftime Report" said he sees unusual options activity in Wells Fargo, Twilio and Macys.

Najarian says he sees unusual options activity in the Wells Fargo & Company (NYSE: WFC) November $24.50 calls being bought very aggressively for $0.22. He noted 17,500 of those calls were traded early on today.

Najarian sees unusual options activity in the Twilio Inc. (NYSE: TWLO) $300 calls with a Nov. 6 expiration date. Najarian notes people were paying $0.85-$1.26 for these which seemed more appealing than purchasing the stock around the $280 level.

Najarian also sees unusual options activity in the Macy's, Inc. (NYSE: M) $6.50 calls which expire on Nov. 13. He notes investors may be betting on people having more spending money in their pockets.

 

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