Jon Najarian Sees Unusual Options Activity In Salesforce And Retail ETF

Related CRM NOW Is The Time; Analyst Explains Why ServiceNow Is Still A Buy Adobe Remains A Top Large-Cap Pick With Analysts
Related XRT The Case For Owning Beaten Up Retail Stocks Video: National Comic Book Day Reveals The Upside Of Brick And Mortar

On CNBC’s “Fast Money Halftime Report,” Jon Najarian said he noticed unusually high bullish options activity in, inc. (NYSE: CRM) and SPDR S&P Retail (ETF) (NYSE: XRT)., inc. sold off in the first hour of the trading session Monday, and as it sold off, the options traders came in and bought around 6,000 contracts of the November 100 calls.

SPDR S&P Retail traded higher Monday, and options traders were buying upside calls in the first half of the session, said Najarian.

He is bullish on, inc. and SPDR S&P Retail and he decided to buy calls in both of them.

Leave a Reply

Your email address will not be published.