Market Overview

Jon Najarian Sees Unusual Options Activity In SBA Communications

Share:
Related SBAC
Why You Should Hold American Tower (AMT) Stock Amid Risks
Raymond James 'Takes Some Chips Off The Table,' Downgrades American Tower, Crown Castle and SBA Communications

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

 

Related Articles (SBAC)

View Comments and Join the Discussion!