On CNBC's Fast Money Halftime Report, Jon Najarian spoke about unusually high bullish options activity in Mondelez International Inc MDLZ.
He said that somebody bought nearly 6,000 contracts of the May 46 calls in the first half of the trading session, which is significantly higher than its usual volume. Najarian decided to follow the trade and he is planning to hold the position for a week. The company is going to report earnings after the closing bell.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in