Why Jon Najarian is buying short-term Apple call options today


Traders are starting to bet that there is an advantage for Apple Inc (NASDAQ: AAPL) short-term stocks after the stock fell more than 10% in the past month.

After noticing the increase in call buying activity on Tuesday, Market Rebellion co-founder Jon Najarian decided to follow traders in Apple’s short-term call options.

When Apple’s stock fell below $ 140, “we saw people start to snack. Well, they took bigger and bigger bites today,” Najarian said Wednesday on the “Fast Money”. CNBC’s Halftime Report.

The increase in call buying activity was on Apple’s call options during the $ 142 strike that expires this week.

Related Link: What Investors Are Doing With Apple

Najarian experienced similar call buying activity in Netflix Inc (NASDAQ: NFLX) before it “zooms in”. Netflix shows that people don’t sell everything when the market sells, but rather they are selective, he said, adding that it appears Apple is another name in tech “that isn’t. not destroyed “.

“Apple is definitely where we saw unusual activity today and I added to some of those calls,” Najarian said.

AAPL price action: Apple traded as high as $ 157.26 and as low as $ 107.32 over a 52 week period.

The stock is down 0.97% to $ 139.76 at time of release.

Photo: Courtesy of Apple.

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