Market Overview

Pete Najarian Sees Unusual Options Activity In Sprouts Farmers Market

Share:
Related SFM
FedEx, UPS Shrug Off Amazon Challenge...For Now
Amazon's Whole Foods Is Already Stealing Market Share From Walmart, Kroger And Costco

On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusually high options activity in Sprouts Farmers Market Inc (NASDAQ: SFM).

He noticed that somebody bought 9,500 contracts of the December 25 calls for $1.50 in the first half of the trading session on Monday. To help finance the trade, the trader sold 15,000 contracts of the December 17.50 puts. Najarian explained that he or she is willing to own the stock at $17.50, if it closes below that price level at the December expiration.

Najarian owns call options in Sprouts Farmers Market and he is planning to hold the position until December. He thinks that the stock is going higher.

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

 

Related Articles (SFM)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...