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Jon Najarian Sees Unusual Options Activity In Morgan Stanley

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On CNBC's Fast Money Halftime Report, Jon Najarian said that he noticed unusually high bullish options activity in Morgan Stanley (NYSE: MS).

He explained that somebody sold 5,000 contracts of the June 44 puts for $1.38 in the first half of the trading session. If the stock stays above $44 at the June expiration, the trader is going to make $690.000. The trade is going to lose money, if the stock trades below $42.62. Najarian added that a lot of his traders followed the trade, but he is not yet in the position.

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

 

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