Skip to main content

Market Overview

Pete Najarian Sees Unusual Options Activity In AMD And Marathon Oil

Share:
Pete Najarian Sees Unusual Options Activity In AMD And Marathon Oil

On CNBC's "Fast Money Halftime Report," Pete Najarian spoke about unusually high options activity in Advanced Micro Devices, Inc. (NASDAQ: AMD) and Marathon Oil Corporation (NYSE: MRO) on Tuesday.

When AMD was trading at $105.50, around 10,000 contracts of the September 24, $106 calls were traded for about $2. The trade breaks even at $108 or 2.15% above the closing price on Tuesday. Najarian is expecting the stock to move higher.

Almost 4,000 contracts of the September $11.50 calls were traded in Marathon Oil for about 40 cents. The trade breaks even at $11.90 or 1.45% above the current stock price.

 

Related Articles (AMD + MRO)

View Comments and Join the Discussion!

Posted-In: CNBC Options Action Pete NajarianOptions Markets Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com