Market Overview

Pete Najarian Sees Unusual Options Activity In Macy's

Related M
Retail Sector Earnings: Performances Remain Mixed Heading Into Q2 Reports
Steve Madden's Valuation Has Gone A Step Too Far, Wedbush Says In Downgrade
REITs Retreat, Homebuilders Advance As Earnings Season Begins (Seeking Alpha)

On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusually high options activity in Macy's Inc (NYSE: M).

Over 10,000 contracts of the December 25 calls were bought in the first half of the trading session Thursday. Traders paid 50 cents for them, which sets the break even for the trade at $25.50 or around 4.7 percent above the current market price. Najarian decided to follow the trade and he is going to hold the position for a couple of weeks.

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


Related Articles (M)

View Comments and Join the Discussion!