Market Overview

Pete Najarian Sees Unusual Options Activity In Weight Watchers And General Motors

Share:
Related WTW
KeyBanc: Weight Watchers Set For 20% Subscription, EBIT Growth
Benzinga's Top Upgrades, Downgrades For July 10, 2018
Related GM
Upcoming Earnings: GE Reports Friday Morning, Turnaround And Restructuring Rolls On
One Insurer Just Gave A Glimpse Into How Autonomous Auto Insurance Will Work
Automakers warns on fewer U.S. jobs if tariffs persist (Seeking Alpha)

On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusually high bullish options activity in Weight Watchers International, Inc. (NYSE: WTW).

He noticed that somebody bought 10,000 contracts of the April 60 calls in the first half of the trading session for around a dollar. The trade breaks even at $61 or almost 40 percent above the current market price. Najarian followed the trade and he is planning to hold the position until April.

Najarian also noticed a purchase of almost 7,000 contracts of the February 48 calls in General Motors Company (NYSE: GM). The buyers were selling downside puts to finance the purchase. Najarian owns shares of General Motors.

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

 

Related Articles (GM + WTW)

View Comments and Join the Discussion!