Market Overview

Najarian Brothers See Unusual Options Activity In Whole Foods And iShares FTSE ETF

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On CNBC's Fast Money Halftime Report, Pete Najarian spoke about unusually high options activity in Whole Foods Market, Inc. (NASDAQ: WFM). He said that somebody bought 5,000 contracts of the November 34 calls for $3.40 in the first half of the session on Tuesday. The trade breaks even at $37.40 or 7.53 percent above the current market price. Pete Najarian decided to follow the trade and he is going to hold it for one to two months.

Jon Najarian is watching iShares FTSE/Xinhua China 25 Index (ETF) (NYSE: FXI). Traders sold the May 36 puts and they bought the May 38/39.50 call spread. Jon Najarian followed the trade and he is planning to hold it for two weeks.

Posted-In: CNBC Jon Najarian Pete NajarianOptions Markets Media

 

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