Najarian Brothers See Unusual Option Activity in $MAR & $AVGO

Capture

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $MAR and $AVGO

Jon alerted us to a trade in MAR, with the stock down $3 today. Traders were buying upside vertical ratio spreads, 4,000 11August $105 calls bought for $1.40 and  8,000 11August $107 calls sold for $0.75. Jon plans to hold this trade through next week.

Pete has noticed repeat call buying in AVGO, on June 7th, 13th, 29th and again today. Traders were aggressively buying the August $270 calls for $2.75. Pete is in September options in this name, and is looking for a move to the upside.

Start your free trial