Pete Najarian spoke on CNBC’s “Options Action” about unusually high options activity in Apple Inc (NASDAQ:AAPL). During the session, he has noticed a purchase of 130,000 contracts of the September 10, $165 calls. Traders paid between 50 cents and a dollar for them.
Najarian has a long stock position in Apple, but he wants to buy a beta kicker so he is buying calls.
Learn and Trade Options Like a Pro
He has also noticed very aggressive buying of the September $380 calls in Facebook, Inc. (NASDAQ:FB). Around 11,000 contracts were traded and traders paid between $1 to $2 for them.
Around 6,800 contracts of the October $140 calls in Nucor Corporation (NYSE:NUE) were traded for a dollar in the first half of the session on Tuesday. Two large prints made the most of that volume, explained Najarian.
