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Najarian Brothers See Unusual Options Activity In CSX And Home Depot

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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

 

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