Najarian Brothers See Unusual Options Activity In SPDR Gold Trust (ETF) And Nu Skin Enterprises

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On CNBC's Fast Money Halftime Report, Pete Najarian spoke about unusually high bullish options activity in SPDR Gold Trust (ETF) GLD. He said traders are buying the September 127 for $3.10, betting the rally in gold is going to continue into the year end. Around 20,000 contracts were traded in the first half of the session and the open interest at the beginning of the day was only 170 contracts.

Nu Skin Enterprises, Inc. NUS is trading sharply higher on Friday, but options traders are buying puts in the name, said Jon Najarian. Traders were buying the June 50 puts and they paid around 6 percent for them, so they don't see much upside in Nu Skin Enterprises, explained Najarian. He followed the trade and he is planning to hold the position for a month.

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Posted In: CNBCOptionsMarketsMediaFast Money Halftime ReportJon NajarianPete Najarian
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