Market Overview

Pete Najarian Sees Unusual Activity In ASHR And Citigroup


On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusually high options activity in Xtrackers Harvest CSI 300 China A-Shares ETF (NYSE:ASHR) and Citigroup Inc (NYSE:C).

He said that options traders were buying the Oct. $28.50 calls in Xtrackers Harvest CSI 300 China A-Shares ETF on Wednesday. This options activity looks to him as a massive positioning for a move to the upside.

Around 10,000 contracts of the Oct. $70.50 calls were purchased for around a $1.20, said Najarian. He added that traders were also selling the Oct. $72 calls to reduce risk. Najarian followed both trades and said he is planning to hold them for three weeks.

Posted-In: CNBC Fast Money Halftime Report Pete NajarianMedia Trading Ideas


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