On CNBC’s “Fast Money Halftime Report,” Jon Najarian spoke about unusually high options activity in Uber Technologies Inc (NYSE:UBER) and United Airlines Holdings Inc (NASDAQ:UAL).
Options traders were buying the July 2 expiration, $50.50-strike calls in Uber when the stock was trading under $50. Najarian is in these calls.
Around 10,000 contracts of the January $65 calls were traded in United Airlines in the first half of the session on Wednesday. The strike is around 18% above the current stock price. Najarian jumped in the trade and he is planning to hold the position for several months.
