Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Adam Eckert

Why Pete Najarian Is Buying Call Options In Bank of America, Cisco, Nvidia And These Under-The-Radar Stocks

Market Rebellion co-founder Pete Najarian is anticipating more volatility ahead for the markets, but that isn't stopping him from loading call options on stocks with a common theme.

Najarian's Approach: He's seeking out stocks that have been dragged down with the overall markets and are also a bit under the radar.

"They're not necessarily those high target names that everybody is looking at and everybody is so excited about," Najarian said Wednesday on CNBC's "Fast Money Halftime Report."

Here's a look at all of the stocks Najarian bought call options in:

  • Bank Of America Corp (NYSE:BAC)
  • Cisco Systems Inc (NASDAQ:CSCO)
  • NVIDIA Corp (NASDAQ:NVDA)
  • Energy Transfer LP (NYSE:ET)
  • Livent Corp (NYSE:LTHM)
  • Macerich Co (NYSE:MAC)

"A lot of those are names that have been pulled down along with others, and maybe undeservedly so," Najarian said. 

He told CNBC that he's buying the options instead of the stocks because of the expected volatility ahead. 

"I don't want to be in the stocks just yet. I don't want to get stopped out. That happens way too often. I'd rather trade the options and know what my risk/reward is for those trades," Najarian said.

Explore Benzinga: Catch up on Wednesday's market news with Benzinga Live or sign up for Benzinga Pro for exclusives, real-time market updates, trade ideas and more!

Photo: Paul Wilkinson from Flickr.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.