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Najarian Brothers See Unusual Options Activity In Ball And Delta Airlines

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On CNBC's Fast Money Halftime Report, Pete Najarian said he noticed unusually high options activity in Ball Corporation (NYSE: BLL). When the stock traded at $75.70, traders bought around 2,500 contracts of the February 77.50 calls for $2.55.

The brea even for the trade is at $80.05 or 5.75 percent higher from the stock price at the moment of purchase. Najarian decided to buy the stock and he also bought call options in Ball Corporation. He is planning to hold the position for a couple of months.

Jon Najarian spoke about unusual options activity in Delta Air Lines, Inc. (NYSE: DAL). He noticed a purchase of 11,000 contracts of the December 49.50 calls. He followed the trade and he is planning to hold call options in Delta Airlines for two weeks.

Posted-In: CNBC Jon Najarian Pete NajarianOptions Markets Media

 

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