Jon Najarian Sees Unusual Options Activity In Marathon Petroleum, Caesars And Merck

On CNBC's "Fast Money Halftime Report", Jon Najarian said he noticed unusually high options activity in Marathon Petroleum Corp MPC, Caesars Entertainment Corp CZR and Merck & Co., Inc. MRK.

Traders were buying the September 52.50 calls for 57 cents in Marathon Petroleum. Around 5,000 contracts were traded in the first half of the session and the trade breaks even at $53.07 or 3.79 percent above the closing price on Thursday. Najarian thinks that the trade is related to the hurricane Harvey and he decided to buy the calls.

Options traders were also active in Caesars Entertainment Corp. Almost 16,000 contracts of the October 12 calls were traded in first half of the session.

Najarian also noticed aggressive call options buying in Merck. Traders were buying the September 63 calls and Najarian decided to jump in the trade.

Loading...
Loading...
CZR Logo
CZRCaesars Entertainment Inc
$29.93-1.38%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
22.47
Growth
29.34
Quality
N/A
Value
41.50
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment

Comments
Loading...