Pete Najarian Sees Unusual Options Activity In JPMorgan Alerian MLP ETN

On CNBC's Fast Money Halftime Report, Pete Najarian said that he noticed a big options volume in JPMorgan Chase Capital XVI JP Morgan Alerian MLP ETN AMJ on Thursday.

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He explained that traders decided to roll up their position. They sold 10,000 contracts of the March 33 calls and they bought 10,000 contracts of the March 34 calls. Najarian jumped in the trade and he is planning to hold the long position for a month.