On CNBC's "Fast Money Halftime Report," Jon Najarian said the October 7 calls in Pitney Bowes Inc. PBI were aggressively bought during the session on Wednesday. He bought these calls as well and he said this is a classic example of somebody who wants to simulate a long position.
Traders were also buying the September $600 calls in Netflix Inc NFLX. Around 12,000 contracts were traded in the first half of the session and that was a big enough reason for Najarian to buy these calls.
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