Benzinga
Why Pete Najarian Just Swapped Amazon Call Options For Apple
The overall market is trading lower Tuesday, but Amazon.com Inc (NASDAQ: AMZN) is moving higher as investors anticipate the Rivian (NASDAQ: RIVN) IPO. Market Rebellion co-founder Pete Najarian took advantage of Amazon shares trading higher by exiting his call options. “We’ve seen Amazon go from $3,200 to $3,500 pretty quickly,” Najarian said Tuesday on CNBC’s “Fast Money Halftime Report.” Despite underperforming the overall market over the last year, Amazon makes pretty rapid moves to the upside