SPY414.92-5.67 -1.35%
DIA332.96-5.20 -1.54%
IXIC14,030.38-130.97 -0.92%

Jon Najarian Sees Unusual Options Activity In New Oriental Education And Western Union

Jon Najarian spoke on CNBC's "Options Action" about unusually high options volume in New Oriental Education & Tech Group (NYSE: EDU) and Western Union (NYSE:

05/10/2021 14:28

Jon Najarian spoke on CNBC's "Options Action" about unusually high options volume in New Oriental Education & Tech Group (NYSE:EDU) and Western Union (NYSE:WU).

Options traders bought almost 12,000 contracts of the June $15 calls in New Oriental Education during the first half of the session on Monday. Najarian jumped in the trade.

The August $26 calls were active in Western Union and Najarian decided to buy these as well. In both cases, he is planning to sell upside calls as the day progresses.