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Pete Najarian Sees Unusual Options Activity In SYSCO Corporation

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On CNBC's Fast Money Halftime Report, Pete Najarian spoke about unusually high options activity in SYSCO Corporation (NYSE: SYY). The stock performed well in the last year and it tracked S&P 500 pretty close.

The options activity in the August expiration call options increased sharply on Friday as 15,000 contracts of the August 41 call options were traded. Traders paid a premium of around $2, which sets the break even at $43.

Najarian said that there is not a lot of volatility in SYSCO Corporation, but it looks that it might move up. He decided to follow this trade and he will stay long for couple of months.

Posted-In: CNBC Pete NajarianMedia Trading Ideas

 

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