Jon Najarian Sees Unusual Activity In IMAX Corporation

Speaking on CNBC's Fast Money, Jon Najarian said that he noticed some unusual activity in June expiration call options in IMAX Corporation (USA) IMAX. The stock gained 22 percent in the last six months and judging by the call activity on Tuesday there could be more upside in the name, added Najarian. He explained that almost 5,700 contracts of the June 33 call options were bought on Tuesday and before the purchase, open interest was almost zero. He decided to follow that trade and he bought both stocks and call options in IMAX Corporation (USA).