On CNBC’s “Fast Money Halftime Report,” Pete Najarian spoke about unusually high options activity in Boston Scientific Corporation (NYSE:BSX) and Deutsche Bank AG (NYSE:DB).
Around 6,000 contracts of the June $45 calls were traded in Boston Scientific, on Monday, when the stock was trading at $42.60. Buyers paid around 30 cents for these calls. There was also some activity in the July $45 calls, said Najarian. Options traders were active in the name last week as well. There was a purchase of 5,000 contracts of the June 44 calls in Boston Scientific last week.
Deutsche Bank has just hit 52-week high and options traders are buying the September $15 calls. A little over 8,000 contracts were traded and traders were paying between $1.10 and $1.15 for them. It looks like buyers are playing for a breakout, said Najarian.
