Market Overview

Pete Najarian Sees Unusual Options Activity In Sprouts Farmers Market

Related SFM
55 Biggest Movers From Yesterday
Earnings Scheduled For May 3, 2018
Oppenheimer updates on Sprouts Farmers Market (Seeking Alpha)

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: CNBC Fast Money Halftime Report Pete NajarianOptions Markets Media


Related Articles (SFM)

View Comments and Join the Discussion!