On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in NBR and LNG.
Jon Najarian keyed into NBR, which is down 40% YTD, but traders were buying 6500 July $11 calls for $.50. Jon thinks this is in anticipation of the company’s involvement in a conference in London in the next few weeks.
Pete Najarian is seeing unusual activity in LNG, where a trader is buying 17000 July $55 calls for $.60. Pete is in this trade, and is holding through expiration.