On CNBC’s “Fast Money Halftime Report,” Pete Najarian said traders bought around 5,000 contracts of the June $48 calls in Harley-Davidson Inc (NYSE:HOG) in the first half of the trading session on Wednesday. They paid $1.60 for them, which sets the breakeven for the trade at $49.60 or 3.57% above the current price. Najarian has also noticed a purchase of over 4,000 contracts of the June $20 calls in Vuzix Corp (NASDAQ:VUZI). They were trading between 85 and 90 cents. The trade breaks even around 11% above the current stock price.
This article was originally published on this site