On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in US Global Jets ETF JETS and Skillz Inc SKLZ.
US Global Jets ETF has already declined by about 10% last week and options traders are betting it goes even further. They were buying the August 27, $21-strike puts when the stock was trading just above $21. Najarian decided to follow the trade.
He has also noticed some bullish call buying in Skillz Inc SKLZ. The August 27, $11-strike calls were active in the name. Najarian bought the August $10 calls and he is hoping to sell upside calls if we get a move higher in Skillz.
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