Market Overview

Najarian Brothers See Unusual Options Activity In Bed Bath & Beyond And Micron

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On CNBC's "Fast Money Halftime Report", Jon Najarian said he noticed unusually high options volume in Bed Bath & Beyond Inc. (NASDAQ: BBBY). He explained that traders were aggressively buying the July 38 calls. They traded around 4,000 contracts in the first half of the session, which is a lot more than the normal volume. Najarian followed the trade and he is planning to hold the position for two weeks.

Pete Najarian spoke about big options volume in Micron Technology, Inc. (NASDAQ: MU). Around 25,000 contracts of the August 37 calls were traded for 59 cents. The trade breaks even at $37.59 or 21.93 percent above the current stock price. Pete Najarian owns July calls in the name and if this position becomes profitable, he is going to roll out to the August expiration.

Posted-In: CNBC Fast Money Halftime Report Jon Najarian Pete NajarianOptions Markets Media

 

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