On today’s CNBC Halftime Report, Jon and Pete saw some unusual option activity in NUAN and NBR.
Jon saw a trader buy 5,400 June 19 calls, trading for $1. This is a bullish bet, Jon likes the risk reward, and is in this name for about 2 weeks.
Pete saw action in the June 11 calls, 6,000 of them trading for $.30. Pete likes that the stock is in the lower end of a range, and is prime to move higher. He is in the name looking for a pop in the stock.