Jon Najarian Sees Unusual Options Activity In Facebook And Cabot Oil

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On CNBC’s “Fast Money Halftime Report”, Jon Najarian said that he likes Facebook, Inc. (NASDAQ: FB) at its current price level. The stock traded lower on Wednesday, but somebody was buying the October $185 calls. Najarian bought these calls and he is going to hold them for two or two and a half weeks.

Around 10,000 contracts of the April 21 calls were traded in Cabot Oil & Gas Corporation (NYSE: COG) for 62 cents, said Najarian. The trade breaks even at $21.62 or 26.21% above the current stock price. Najarian jumped in the trade and he is planning to hold the position for several months.

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