On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in Roku Inc (NASDAQ: ROKU). Traders were buying the September 4, $175 calls on Friday. They bought 4,000 contracts right away and then the real buying came in and its volume increased to over 14,000 contracts, explained Najarian. He owns these calls and he is probably going to take off half since they have already doubled.Jim Lebenthal bought Roku during the show. He thinks it is a beneficiary of the stay-at-home economy. It has trailed Nasdaq and other stay-at-home stocks and it is still not trading at its all-time highs. He noticed it is catching a bid and he decided to get back in.Options traders were also buying the September $87 calls in Starbucks Corporation (NASDAQ: SBUX). They were trading for 50 cents and Najarian decided to jump in. He is going to hold the position for two or three days. See more from Benzinga * 'Halftime Report' Traders Share Their Thoughts On Kinder Morgan, Akamai And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Read More...
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="On
CNBC’s "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in
Roku Inc (NASDAQ:
ROKU). Traders were buying the September 4, $175 calls on Friday. They bought 4,000 contracts right away and then the real buying came in and its volume increased to over 14,000 contracts, explained Najarian. He owns these calls and he is probably going to take off half since they have already doubled.” data-reactid=”19″>On
CNBC’s “Fast Money Halftime Report,” Jon Najarian spoke about unusually high options activity in
Roku Inc (NASDAQ:
ROKU). Traders were buying the September 4, $175 calls on Friday. They bought 4,000 contracts right away and then the real buying came in and its volume increased to over 14,000 contracts, explained Najarian. He owns these calls and he is probably going to take off half since they have already doubled.
Jim Lebenthal bought Roku during the show. He thinks it is a beneficiary of the stay-at-home economy. It has trailed Nasdaq and other stay-at-home stocks and it is still not trading at its all-time highs. He noticed it is catching a bid and he decided to get back in.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Options traders were also buying the September $87 calls in Starbucks Corporation (NASDAQ: SBUX). They were trading for 50 cents and Najarian decided to jump in. He is going to hold the position for two or three days.” data-reactid=”21″>Options traders were also buying the September $87 calls in Starbucks Corporation (NASDAQ: SBUX). They were trading for 50 cents and Najarian decided to jump in. He is going to hold the position for two or three days.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="See more from Benzinga” data-reactid=”27″>See more from Benzinga
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.” data-reactid=”30″>© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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