Market Overview

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

Related WTW
Food, Fashion, Finance Firms Among 10 To IPO
56 Biggest Movers From Yesterday
Related GM
Benzinga's Top Upgrades, Downgrades For November 20, 2017
7 Stocks That David Tepper's Buying And 5 He's Selling
Guggenheim positive on GM ahead of investor event (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: Fast Money Halftime Report Pete NajarianCNBC Options Markets Media


Related Articles (GM + WTW)

View Comments and Join the Discussion!

Partner Center