Market Overview

Najarian Brothers See Unusual Options Activity In CSX And Home Depot

Share:
Related CSX
Jim Cramer Shares His Thoughts on CSX, FedEx, Toronto-Dominion Bank And Travelers Companies
Analysts Split On CSX's Outlook Post Q2 Earnings
Klingman & Associates, LLC Buys SPDR S&P Dividend, PowerShares S&P 5…… Low ... (GuruFocus)
Related HD
A Guide To Guessing Where Amazon Is Going
'Amazon Is Playing Hardball': Home Improvement Chains Slide After Kenmore, Alexa Join Forces
6 Investment Ideas From Industry Insiders (GuruFocus)

On CNBC's Fast Money Halftime Report, Jon Najarian spoke about unusually high options trading activity in CSX Corporation (NASDAQ: CSX). The stock traded around 12 percent higher since the Presidential election and options traders are betting that it is going to jump additional 8 percent. Traders were buying the February 38 calls on Wednesday for approximately $0.80. Najarian decided to follow the trade and he bought a call spread in CSX. He's going to be in the position for a month or two.

Pete Najarian noticed a big trade in Home Depot Inc (NYSE: HD). He said that somebody bought between 12,000 and 15,000 contracts of the February 140 calls and he decided to take a long position too. Instead of buying call options, Pete Najarian bought stocks, because he wants to take a long-term position.

Posted-In: Jon Najarian Pete NajarianCNBC Options Markets Media

 

Related Articles (CSX + HD)

View Comments and Join the Discussion!