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

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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: Fast Money Halftime Report Pete NajarianCNBC Options Markets Media

 

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