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Jon Najarian Sees Unusual Options Activity In iShares Russell 2000 Index (ETF)

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Jon Najarian Sees Unusual Options Activity In iShares Russell 2000 Index ETF

On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about a bullish options activity in iShares Russell 2000 Index (ETF) (NYSE: IWM).

He said somebody is betting the stock is going to gain at least 9 percent by February. Traders were buying the February 150 calls in the first half of the session on Friday and they bought around 22,000 contracts in a single print. Najarian decided to open a long position in iShares Russell 2000 Index (ETF) and he bought the February 140/144 call spread. He is planning to hold the position for a month.

Posted-In: CNBC Fast Money Halftime Report Jon NajarianBroad U.S. Equity ETFs Options Markets Media ETFs

 

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