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
Bank Of America's Long-Term Ratings Upgraded By Moody's, Outlook Stable
With Financials Soaring, Don't Forget This Bank ETF
How To Trade The New Tax Bill (Seeking Alpha)

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: Fast Money Halftime Report Pete NajarianCNBC Options Markets Media Best of Benzinga

 

Related Articles (XLF + BAC)

View Comments and Join the Discussion!

Partner Center