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Jon Najarian Makes Changes In His Portfolio

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On CNBC's Fast Money Halftime Report, Jon Najarian revealed that he made some changes in his portfolio for the 2016 Halftime Portfolio contest.

In 2016, he sold Apple Inc. (NASDAQ: AAPL), Goldman Sachs Group Inc (NYSE: GS) and CME Group Inc(NASDAQ: CME) and he bought L Brands Inc(NYSE: LB), Office Depot Inc (NASDAQ: ODP) and Oracle Corporation (NYSE: ORCL).

Najarian bought Office Depot and Oracle because he noticed unusually high bullish options activity on Tuesday.

He sold Apple at $104, because he believes that the stock is going below $100. He still believes in the long-term potential of the stock, but since he can't sell call options against his long position in Halftime Portfolio contest, he decided to sell.

 

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Posted-In: CNBC Fast Money Halftime Report Jon NajarianMedia