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Pete Najarian Sees Unusual Options Activity In Gap And International Game Technology

On CNBC's "Fast Money Halftime Report," Pete Najarian said somebody bought around 6,300 contracts of the May $34 calls in Gap (NYSE: GPS) for $1.25 in the first half of the ses

05/11/2021 15:25

On CNBC's "Fast Money Halftime Report," Pete Najarian said somebody bought around 6,300 contracts of the May $34 calls in Gap (NYSE:GPS) for $1.25 in the first half of the session on Tuesday. The trader also hedged by selling the May $36.50 calls.

International Game Technology PLC (NYSE:IGT) was also pretty active. The stock was trading around $19.25 when a trader bought about 8,000 contracts of the June $20 calls for around a dollar. There was also some activity in the July 20 calls. Najarian bought these calls.