On CNBC's "Fast Money Halftime Report," Jon Najarian said options traders were buying the July $170 calls in FedEx Corporation /zigman2/quotes/203047719/composite FDX -2.49% in the first half of the session on Monday. A week ago they were buying the July $160 calls. He loves following somebody that has been right so he decided to buy the July $170 calls. He is going to hold the position for two to three days.
Najarian has also noticed some action in Melco Resorts & Entertainment Ltd /zigman2/quotes/208333844/composite MLCO -3.00% . Traders were buying the September $16 calls for $1.25. The trade breaks even at $17.25 or around 12% above the current stock price. Najarian bought these calls and he is going to hold them for a month.
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