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Jon Najarian Sees Unusual Activity In AMD and AGNC Investment Corp

Benzinga>>> Craig Jones

Jon Najarian spoke on CNBC’s “Fast Money Halftime Report” about unusually high options activity in Advanced Micro Devices, Inc. (NASDAQ: AMD) and AGNC Investment Corp (NASDAQ: AGNC).

He noticed options traders sold the September 11, $77 strike puts in Advanced Micro Devices on Tuesday. They sold them for a price in the range from $1.25 to $2. Najarian sold these puts as well so if the stock closes below $77 on Friday, he will have to buy it at that price.

There was also a big volume in the September 11, $14 strike calls in AGNC Investment Corp. Traders paid just 15 cents for them. Najarian sees that as a very cheap shot and he decided to jump in the trade. He is going to hold the position for just a couple of days.

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