He noticed that options traders were buying the Aug. 28 expiration, $28 strike calls on Tuesday. They paid between 40 and 45 cents for them, which sets the breakeven for the trade between $28.40 and $28.45. Najarian likes the trade and he decided to follow it. He is going to hold the position for a week.
The September $21 calls in Vistra Corp (NYSE:VST) were also active. Traders paid around 40 cents for them. The breakeven for the trade is at $21.40 or around 6.5% above the current stock price. Najarian joined the trade and he is going to be in it about a month.