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Najarian Brothers See Unusual Options Activity In Melco And EOG Resources

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Jon Najarian spoke on CNBC's "Fast Money Halftime Report" about a big call options volume in Melco Resorts & Entertainment Ltd(ADR) (NASDAQ: MLCO). He noticed that traders were buying the June 24 calls and he decided to follow the trade.

Pete Najarian said that around 11,000 contracts of the January 100 calls in EOG Resources Inc (NYSE: EOG) were purchased on Tuesday. He likes the trade, but he thinks that these options are very expensive, so he decided to buy a call spread.

 

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Posted-In: CNBC Jon Najarian Pete NajarianOptions Markets Media