He said options traders were buying the Oct. $115 calls in Medtronic. Around 2,500 contracts were traded in the name and Najarian decided to follow the trade. He added that there was also some activity in the Aug. $108 calls.
Najarian also noticed call options activity in Snap. Around 10,000 contracts of the Oct. $20 calls were traded in the first half of the session. Pete Najarian has a long position in the name and he is planning to hold it until October.
See Also: Option Traders Making Bullish Bets On Comcast
Jon Najarian said that there was unusual options activity in the Oct. $155 calls in iShares Russell 2000 Index (NYSE: IWM). The volume reached 10,000 contracts and it was the second day in a row with big volume.
Planet Fitness Inc (NYSE: PLNT) also had big options volume. Traders were buying the Oct. $70 calls in the name.
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- Mike Khouw Sees Unusual Options Activity In Snap
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