When AMD was trading at $105.50, around 10,000 contracts of the September 24, $106 calls were traded for about $2. The trade breaks even at $108 or 2.15% above the closing price on Tuesday. Najarian is expecting the stock to move higher.
Almost 4,000 contracts of the September $11.50 calls were traded in Marathon Oil for about 40 cents. The trade breaks even at $11.90 or 1.45% above the current stock price.
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