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Pete Najarian Sees Unusual Options Activity In SPDR S&P Biotech

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On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about high options volume in SPDR S&P Biotech (ETF) (NYSE: XBI).

He said that around 22,000 contracts of the November 90 calls were bought for $2. It's unusual to see that much volume in SPDR S&P Biotech, explained Najarian. The trade breaks even at $92 or 4.26 percent above the current market price. Najarian decided to follow the trade.

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

 

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