Market Overview

Najarian Brothers See Unusual Options Activity In Qorvo, Zynga, IQIYI

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On CNBC's "Fast Money Halftime Report," Jon Najarian said options traders were active in Qorvo Inc (NASDAQ: QRVO). They were buying the May 80 calls as over 3,000 contracts were traded.

He has also noticed unusual activity in Zynga Inc (NASDAQ: ZNGA). Traders were buying the June 4.50 calls in the name. Najarian likes both Qorvo and Zynga. He has a long position in these names and is planning to stay long for 60 days.

Pete Najarian noticed a high options volume in IQIYI Inc (NASDAQ: IQ). Almost 9,000 contracts of the February 20 calls were traded on Thursday. He decided to follow the trade.

Posted-In: CNBC Fast Money Halftime Report Jon Najarian Pete NajarianMedia

 

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