He said options traders are rolling up from the Oct. $40.50 calls to the Oc. $43 calls in iShares China Large-Cap ETF and added that 52,000 contracts were sold and 52,000 contracts were bought. They were paying only 35 cents for the Oct. $43 calls.
Around 17,000 contracts of the Sept. $36 calls were traded in DISH Network, said Najarian. He followed the trade and paid around a dollar for these calls.
Jon Najarian noticed a big options volume in Toll Brothers Inc (NYSE: TOL). Almost 13,000 contracts of the Oct. $41 calls were traded. He loves the trade and he decided to follow it. He is going to hold the position for two weeks.
Close to 5,000 contracts of the Oct. $25.50 calls were traded in Juniper Networks, Inc. (NYSE: JNPR). Jon Najarian bought these as well and he is going to hold them for two weeks.
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