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Pete Najarian Sees Unusually High Options Activity In eBay

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Pete Najarian said on CNBC's Fast Money Halftime Report that eBay Inc (NASDAQ: EBAY) had unusually high options volume on Friday.

Traders were buying the July 32 calls and they were paying around $3.10 for them. Around 5,400 contracts were bought in the first half of the trading session. The breakeven for the trade is at $35.10 or 4.37 percent above the current market price.

Najarian added that eBay looks very interesting, because it seems to him it's breaking out on the upside.

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

 

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