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Jon Najarian Makes Changes In His Portfolio


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