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Pete Najarian Sees Unusual Options Activity In eBay

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Pete Najarian spoke on CNBC's Fast Money Halftime Report about unusually high bullish options activity in eBay Inc (NASDAQ: EBAY).

He said that over the last two weeks traders were buying the October 32 strike calls and October 32.5 strike calls. On Monday, he noticed more activity in the October 32 calls as somebody bought 6,000 contracts. Najarian believes that this is a sign of aggressive buying and he decided to follow the trade and buy call options in eBay. He is planning to hold the position for a week.

Posted-In: CNBC Fast Money Halftime Report Pete NajarianOptions Markets Media

 

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