On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in a variety of airliners.
Pete has been seeing buying all across the sector, with short-term August calls being bought in multiple names.
First was LUV, where traders were buying 14,000 Aug $65 calls. In DAL, traders were buying vertical call spreads in the Aug $50-52.5 spread. Pete also noticed call buying in AAL.
This morning, traders were buying 5,000 December$ 24 calls for $0.70, selling 5,000 December $28 calls for $.08 and selling 5,000 December $19 puts for $0.45. This is a Bullish 3-way combo, which is a more advanced trade. Pete is in DAL and JBLU.