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Jon Najarian Sees Unusual Options Activity In Altria, Constellation Brand And Walmart

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On CNBC's "Fast Money Halftime Report", Jon Najarian said that options traders were buying the June 75 calls in Altria Group Inc (NYSE: MO). Around 9,400 contracts were traded in the first half of the trading session. Najarian bought the calls and he is going to hold them for a month or two.

Najarian also noticed big upside call options buying in Constellation Brands, Inc. (NYSE: STZ). Around 5,000 contracts of the January 240 calls were traded and he decided to follow the trade. He added that he also likes Wal-Mart Stores Inc (NYSE: WMT) for upside calls buying.

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

 

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