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Najarian Brothers See Unusual Options Activity In eBay And Marathon Oil


Pete Najarian spoke on CNBC's Fast Money Halftime Report about an increased options activity in eBay Inc (NASDAQ: EBAY). He said that around 10,000 contracts of the May 36/38 call spread were bought in the first half of the session on Wednesday for $0.50. He explained that the trade breaks even at $36.50 and it could quadruple, if the stock moves to $38 or higher.

Jon Najarian said that traders bought over 13,000 contracts of the October 18 calls in Marathon Oil Corporation (NYSE: MRO) for $1.40. The trade breaks even at $19.40 or 18.22 percent above the current market price. He decided to follow the trade and he is planning to hold the position for two months.

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


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