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Jon Najarian Sees Unusual Options Activity In Devon Energy

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On CNBC's Fast Money Halftime Report, Jon Najarian said traders were buying calls in Devon Energy Corp (NYSE: DVN) in the first half of the trading session on Thursday.

The May 43 calls were the most active and their premium increased from $1.30 to $1.85. Najarian decided to follow the trade and he is planning to hold the position for at least a month. He thinks the stock is going to trade considerably higher.

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

 

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