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Jon Najarian Sees Unusual Options Activity In JetBlue

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On CNBC's Fast Money Halftime Report, Jon Najarian spoke about high options trading volume in JetBlue Airways Corporation (NASDAQ: JBLU).

He noticed on Friday that traders are buying the January 22 calls in the name and they bought them in big numbers and big blocks, some as large as 6,000 contracts. A total volume in the January 22 calls, in the first half of the session, was around 13,800 traded contracts.

Najarian decided to initiate a long position in JetBlue with a call spread in the January expiration options. He is planning to stay in the position for two weeks to three weeks.

Posted-In: CNBC Fast Money Halftime Report Jon NajarianOptions Markets Media

 

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