Market Overview

Najarian Brothers See Unusual Options Activity In Celgene And Potash

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Jon Najarian spoke on CNBC's Fast Money Halftime Report about unusually high options volume in Celgene Corporation (NASDAQ: CELG). He noticed that traders were buying the February 117 calls and he decided to follow the trade. He is planning to hold the position for a week. Celgene is trading almost 2 percent higher on Tuesday.

Pete Najarian said there was a big options volume in Potash Corporation of Saskatchewan (USA) (NYSE: POT). Around 6,000 contracts of the February 19 calls were traded for $0.30. The trade breaks even at $19.30 or 3.93 percent above the current market price. He has a long position in the February 19 calls and he is planning to hold them for a couple of weeks.

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

 

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