Jon Najarian Sees Unusual Options Activity In JETS And Skillz
On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in US Global Jets ETF (NYSE: JETS) and Skillz Inc (NYSE: SKLZ).
US Global Jets ETF has already declined by about 10% last week and options traders are betting it goes even further. They were buying the August 27, $21-strike puts when the stock was trading just above $21. Najarian decided to follow the trade.
He has also noticed some bullish call buying in Skillz Inc (NYSE: SKLZ). The August 27, $11-strike calls were active in the name. Najarian bought the August $10 calls and he is hoping to sell upside calls if we get a move higher in Skillz.
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Posted-In: CNBC Fast Money Halftime Report Jon NajarianOptions Markets Media