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Jon Najarian Sees Unusual Options Activity In SBA Communications

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On CNBC's "Fast Money Halftime Report", Jon Najarian shared with the viewers an options trading idea in SBA Communications Corporation (NASDAQ: SBAC). He noticed big call options volume in the name and he thinks it would be a good idea to get a long position.

Najarian said that traders were buying the September 150/155 call spread in the first half of the session on Wednesday. He believes that the stock could move significantly higher as people start to switch to 5G technology. SBA Communications Corporation has around 15,000 towers and sites in the United States and around 10,000 towers and sites in Canada and South America, explained Najarian.

The bet is that the stock is going a lot higher by September. Najarian decided to follow the trade and he is going to hold it for two months.

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

 

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