Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian

Pete Najarian Sees Unusual Activity In Petrobras


On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusual options activity in Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR).

He said around 30,000 contracts of the February 12.50 calls were traded in the first half of the trading session. He explained that the trade is a part of a spread as the trader also sold the February 13.50 calls. To open a position, the trader sold to close the February 12 calls, with a profit.

Najarian followed the trade and he is planning to hold the position for a couple of weeks.

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


Related Articles (PBR)

View Comments and Join the Discussion!

Michigan Gov. Rick Snyder, Autobooks CEO Talk Detroit Startup Culture

Chip Stocks Q4 Earnings: Intel Sets The Tone For AMD, Nvidia