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Pete Najarian Sees Unusual Options Activity In American Eagle Outfitters

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Pete Najarian said on CNBC's "Fast Money Halftime Report" that the options market is telling him that American Eagle Outfitters (NYSE: AEO) is ready to break out on the upside.

He explained that options traders bought around 10,000 contracts of the May 20 calls for around a dollar. The trade breaks even at $21 or around 15 percent above the current market price. Najarian added that he likes the company's balance sheet and buybacks.

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

 

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