On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $NCLH and updated us on WYN and MAR.
Jon was seeing large upside call buying in NCLH. Traders were buying 7,000 $57.5 calls, and are looking for an upward move in about a month. Jon is in this one for 2-3 weeks.
He also updated us on WYN, which was a losing trade. Jon bought Sept calls, and sold them for a slight loss. Next was MAR, which Jon bought options for $1.50 and sold for around $3.
Jon says know your risk, and define your risk with options.