SPY336.85+1.96 0.59%
DIA278.62+1.12 0.40%
IXIC11,262.50+94.99 0.85%

Jon Najarian Sees Unusual Options Activity In Pinterest and DR Horton

On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in Pinterest Inc (NYSE: PINS).

Benzinga · 08/21/2020 18:09

On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in Pinterest Inc (NYSE:PINS).

The name was a frequent flyer on Najarian's unusual activity report and traders who bought calls ahead of news were wright. On Friday, they bought the October $34 calls aggressively. Najarian joined the trade and he is going to be in the position for a month or six weeks.

D. R. Horton Inc (NYSE:DHI) was also active. Over 10,000 contracts of the January $80 calls were traded on Friday. He followed the trade and he is going to hold the position into the year end.