Market Overview

Najarian Brothers See Unusual Options Activity In Microsoft And Mylan

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On CNBC's Fast Money Halftime Report, Pete Najarian said he noticed some bullish options activity in Microsoft Corporation (NASDAQ: MSFT). Somebody bought over 7,000 contracts of the February 63.50 calls in the name for $0.40. The trade breaks even at $63.90 or 0.41 percent above the closing price on Monday. Najarian decided to follow the trade and he thinks Microsoft is going to bounce back to $66.

Jon Najarian spoke about big options activity in Mylan (NASDAQ: MYL). He said traders were aggressively buying the March 42.50 calls. He is bullish on the stock and he decided to buy the March 40/42.50 call spread to get a long exposure.

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

 

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