On CNBC’s “Fast Money Halftime Report,” Jon Najarian said anything in the mining sector is ripping on Thursday and Rio Tinto (NYSE:RIO) is not an exception. He noticed a purchase of 10,000 contracts of the January $96.57 calls in Rio Tinto in the first half of the trading session.
The August $14 calls in Workhorse Group Inc (NASDAQ:WKHS) were also very active. The company is scheduled to report earnings on Aug. 9 and it seems that traders are expecting a move higher over the next couple of weeks.
