Market Overview

Najarian Brothers See Unusual Options Activity In Ciena And Nabors Industries

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On CNBC's Fast Money Halftime Report, Jon Najarian said that he noticed unusually high bullish options activity in Ciena Corporation (NYSE: CIEN) on Wednesday. He explained that traders were buying the January 22/26 call spread. He decided to follow the trade and he is planning to hold it for 1-2 months.

Pete Najarian noticed some buying activity in the October 13 calls in Nabors Industries Ltd. (NYSE: NBR). Around 9,200 contracts were traded on Wednesday and the premium was between $0.40 and $0.45. The break even for the trade is at $13.45 or approximately 4.5 percent higher. Pete Najarian is also long the October 13 calls and he is going to hold them for a week.

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

 

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