Market Overview

Najarian Brothers See Unusual Options Activity In Ciena And Nabors Industries


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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