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On CNBC's "Fast Money Halftime Report", Jon Najarian spoke about a bullish options activity in Procter & Gamble Co (NYSE: PG). He noticed unusually high call options buying in the name for the second day in a row. On Tuesday, traders were buying the 82.5 strike calls and in the...
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SIGN-UP FOR CLARK’S NEWSLETTERS January 9, 2016 at 4:51 pm Pete Najarian's hot options trade (from Minnesota; Pete wasn't at Sohn) was BAC 31.50 May calls (Zzzzzzzzz). Oh joy, let's buy a 1968-business-model bank stock instead of the FAANGs. (Bet someone is also adding to Citi/buying more Citi/reloading on Citi.) Pete also said someone was taking stock losses in AMD "I think for tax reasons" but buying January 13 calls (2019) because they "still believe in what's going on at the company." (Gee whiz, that's a lot of information. Do people in Congress know that this information is being collected?)
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Did you mention recycling? Does anyone still go around looking for cans to turn in for cash anymore? Hmmm, has he talked to Dan Nathan lately? Because Nathan on Feb. 8 declared, "When the thing finally blows up, it's gonna make 2000 and 2008 look like a walk in the park."
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Mike Farr likes DIS. Pete said he's "no longer in this name" though he still likes it, then tried to turn the conversation into something about AAPL wearables and services. February 6, 2009 at 3:21 am
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Pete Najarian said that after Steve Wynn's sale, "the overhang is gone" from WYNN shares. Thanks, Bryan! Sarat Sethi opened Tuesday's fairly flat Halftime Report saying he wasn't expecting "any real bad news" from AAPL, but he's not sure it's the driver of a stock market recovery.
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