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
Q3 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolio
This Day In Market History: Brokerages Pay Defrauded Investors Biggest US Settlement Fine
Hot Options Report For End Of Day - Friday, Nov. 16 (TalkMarkets)

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!

Bank Of America, Citigroup, And More Financials: 'Fast Money' Final Picks

Autodesk's Earnings And 15% Decline: Wall Street Reacts