Market Overview

Najarian Brothers See Unusual Options Activity In Criteo And Noble Energy

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On CNBC's Fast Money Halftime Report, Jon Najarian said he noticed high options volume in Criteo SA (ADR) (NASDAQ: CRTO). Traders bought around 6,000 contracts of the July 50 put in the first half of the trading session. The trade is unusual because a total volume in the last month was only 900 contracts. It's also interesting that Criteo SA (ADR) is a French company and that the trade happened ahead of the French presidential election.

Pete Najarian bought the June 32.50 call options in Noble Energy, Inc. (NYSE: NBL) after he saw that somebody bought 10,000 contracts in the first half of the trading session. He paid $0.45 for them, which sets the break even for the trade at $32.95 or 9.18 percent above the closing price on Wednesday. He believes the risk/reward in the name looks attractive and he is hoping that the stock is going to bounce from its recent lows.

Posted-In: CNBC Jon Najarian Pete NajarianOptions Markets Media

 

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