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Pete Najarian Sees Unusual Options Activity In Wells Fargo

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On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusually high options activity in Wells Fargo & Co (NYSE: WFC).

Options traders bought 10,000 contracts of the February 60 calls in the first half of the trading session Tuesday. They paid $1.45 for them and the trade breaks even at $61.45 or around 5 percent higher. Najarian already owns the stock and call options in the name and he thinks that it is going to trade above $60.

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

 

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