Market Overview

Najarian Brothers See Unusual Options Activity In Procter & Gamble And Gilead

Share:
Related PG
Cramer Questions Why Apple Trades At Valuation Discount To Procter & Gamble
Strong Apple Results Compete With Trade Worries For Investor Sentiment Ahead Of Fed
Trian Fund updates portfolio with declines in Wendy's, Sysco (Seeking Alpha)
Related GILD
The Highs And Lows Of Earnings Season Dominate July's IMX Results
Investor Movement Index July Summary
One Year Later: Lessons Learned In CAR-T (Seeking Alpha)

On CNBC's "Fast Money Halftime Report", Jon Najarian spoke about a bullish options activity in Procter & Gamble Co (NYSE: PG). He noticed unusually high call options buying in the name for the second day in a row. On Tuesday, traders were buying the 82.5 strike calls and in the first half of the session on Wednesday, they purchased around 12,000 contracts of the April 87.50 calls. Jon Najarian followed them and he is going to hold the position for a month.

Pete Najarian said that around 10,000 contracts of the March 85 calls in Gilead Sciences, Inc. (NASDAQ: GILD) were traded in the first half of the trading session. He owns shares and calls in the name.

Posted-In: CNBC Jon Najarian Pete Najarian Fast MoneyOptions Markets Media

 

Related Articles (GILD + PG)

View Comments and Join the Discussion!

8 Stocks Moving In Wednesday's After-Hours Session

Tesla Reports Q4 Earnings Beat, Record Vehicle Deliveries