On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $V and $AA.
Jon is seeing call-buying action in the V September $97.5 strike, where he thinks traders are anticipating a good earnings report and are looking for the stock to rally through the summer. Jon is in a call spread and is planning on holding this position through August.
Pete saw some traders rolling into the AA, where they sold 5,000 August $32 calls to buy 10,000 August $38 calls. Pete did not disclose whether he is in this position.