On CNBC's Fast Money Halftime Report, Jon Najarian said that he noticed unusually high bullish options activity in Ciena Corporation 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. 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.