Pete Najarian Sees Unusual Options Activity In Advanced Micro Devices

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On CNBC's Fast Money Halftime Report, Pete Najarian said he noticed a very bullish options activity in Advanced Micro Devices, Inc. AMD.

Traders bought around 6,000 contracts of the April 14.50 calls and they also sold around 17,000 downside puts in the first half of the trading session on Thursday. Najarian sees the activity as very bullish and he decided to buy the stock and sell calls against the long stock position.

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Posted In: CNBCOptionsMarketsMediaFast Money Halftime ReportPete Najarian
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