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Jon Najarian Sees Unusually High Bullish Options Activity In Starbucks

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Jon Najarian said on CNBC's Fast Money Halftime Report that traders are making bullish bets ahead of earnings in Starbucks Corporation (NASDAQ: SBUX).

They were buying the May 60/62 call spread aggressively. For the trade to reach its maximal profit, Starbucks needs to jump around 1.7 percent from its current price level. Najarian decided to buy the call spread in Starbucks, which is due to report earnings on Thursday.

Posted-In: Fast Money Halftime Report Jon NajarianCNBC Options Markets Media


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