On CNBC’s “Fast Money Halftime Report,” Pete Najarian spoke about unusual options activity in Mr Cooper Group Inc (NASDAQ:COOP). Options traders bought around 10,000 contracts of the January $35 calls in Mr. Cooper in the first half of the session on Tuesday. They were paying around $2.90 for them and they have also hedged themselves with a sale of 15,000 contracts of the January $40 calls.
Najarian has also noticed a purchase of the July 9, $247.50 calls in Workday Inc (NASDAQ:WDAY). Around 4,500 contracts were traded in the first half and traders were paying between 50 cents and 76 cents for them.
