Market Overview

Najarian Brothers See Unusual Options Activity In Alcoa And T-Mobile

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Pete Najarian spoke on CNBC's "Fast Money Halftime Report" about a bullish options activity in Alcoa Corp (NYSE: AA). He said that traders bought 20,000 contracts of the July 36 calls in the first half of the trading session on Tuesday. They paid 35 cents for them, which sets the break even for the trade at $36.35 or almost 15 percent above the current stock price.

Jon Najarian noticed that traders sold almost 5,000 contracts of the July 59 puts in T-Mobile US Inc (NASDAQ: TMUS) on Tuesday. The stock fell 3.39 percent, but traders are willing to own the stock if it drops to $59. Najarian followed the trade and he is planning to hold them two to three weeks.

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

 

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