On CNBC’s “Fast Money Halftime Report,” Jon Najarian spoke about unusually high short-term activity in Alibaba Group Holding Ltd – ADR (NYSE: (BA)(BA)). Traders were buying the December $235 calls and he decided to join the trade.
Options trading in Pitney Bowes Inc. (NYSE: PBI) was also active, as around 10,000 contracts of the February $5 calls were traded for 85 cents. Najarian followed the trade and he is planning to hold it until at least the first week of February.
© 2020 Fintech Zoom.com. Fintech Zoom does not provide investment advice. All rights reserved.