Market Overview

Pete Najarian Sees Unusual Options Activity In Bank Of America

Share:
Pete Najarian Sees Unusual Options Activity In Bank Of America
Related BAC
How The GDPR's Data Portability Rules Could Affect Client Churn
Warren Buffett Pushing More Cash To Equities; 'Big 5' Stocks Still At The Top
Can Big Banks Keep Up With Fintech Startups? (GuruFocus)

On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusually high options activity in Bank of America Corp (NYSE: BAC).

He said somebody decided to roll up some profits. The trader took profits in the December 27.50 calls and bought the December 28.50 calls.

See Also: Traders See Signs Of Rotation Into Financials Amid Nasdaq's Worst Day In Months

Najarian added that there was also a high options activity in Financial Select Sector SPDR Fund (NYSE: XLF) as 122,000 calls were bought.

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

 

Related Articles (XLF + BAC)

View Comments and Join the Discussion!