Nike Average Option Daily Trading Volume

Nike average option daily trading volume

On CNBC's "Fast Money Halftime Report," Jon Najarian said that Nike Inc (NYSE: NKE) had unusually high options volume Friday.

Nike average option daily trading volume

Traders were buying the June 9, 53 and 53.50 strike calls. Usual options volume in the June 53 calls in Nike is around 500 contracts and in the first half of the trading session, around 6,000 contracts were traded.

Nike average option daily trading volume

Najarian is bullish on the stock and he bought the calls.

He also noticed a large options volume in CVS Health Corp (NYSE: CVS). Traders were buying the January 90 calls and they paid around $0.90 for them.

Nike average option daily trading volume

The trade breaks even at $90.90 or around 15 percent higher from the closing price on Friday. Najarian also owns calls in CVS Health Corp.

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Nike average option daily trading volume

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