SPY335.84-2.98 -0.88%
DIA279.57-1.46 -0.52%
IXIC10,910.28-140.19 -1.27%

Pete Najarian Sees Unusual Options Activity In Dow, Aes Corp

Pete Najarian spoke on CNBC's "Fast Money Halftime Report" about unusually high options activity in Dow Inc (NYSE: DOW) and AES Corp (NYSE:

· 09/12/2020 12:24

Pete Najarian spoke on CNBC's "Fast Money Halftime Report" about unusually high options activity in Dow Inc (NYSE:DOW) and AES Corp (NYSE:AES).

Options traders were buying the December $55 calls in Dow Inc. Around 6,000 contracts were traded for $2.25 in the first half of the session on Friday. Najarian bought the stock and he is selling premium against the long position.

He also noticed some buying in the October $19 calls in AES Corp. Around 14,000 contracts were traded for 25 cents in the first half of the session. Najarian jumped in the trade and bought these calls.