Market Overview

Pete Najarian Sees Unusual Options Activity In Pandora

Related P
The Eagles' 'Greatest Hits' Supplants 'Thriller' As The Top-Selling Album Of All Time...Again
66 Biggest Movers From Yesterday
Buy Spotify: The King Of Music Streaming (Seeking Alpha)

On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusual options activity in Pandora Media Inc (NYSE: P). He said somebody bought 20,000 contracts of the February 5.5 calls in the first half of the trading session. These options expire next Friday and the expiry captures earnings.

The calls traded for $0.33, which sets the break even for the trade at $5.88 or around 17 percent above the current stock price. Najarian decided to follow the trade.

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


Related Articles (P)

View Comments and Join the Discussion!

Vetr Crowd Downgrades Nvidia To Hold

S&P Dow Jones: Yes, Stocks Climb When Interest Rates Rise