In his Thursday Stock Blog post, Jon Najarian disclosed that he's long on which airline stock?

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Question: In his Thursday Stock Blog post, Jon Najarian disclosed that he's long on which airline stock?

Answer: AMR

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Options Trading: One Airline Stock May Zoom

STOCKS, STOCK MARKET, CNBC, CNBC.COM, STOCK BLOG, CNBC STOCK BLOG, INVESTMENT, PORTFOLIO, OPTIONS TRADING, AIRLINE STOCKS, AMR
Posted By: Jon Najarian | Cofounder, OptionMonster
CNBC.com

Airline stocks are up again as oil prices drop for the fifth straight day, and options traders are betting that American Airlines (AMR) will go even higher.

Fast and large options orders have been placed this morning, with 14,500 calls trading against 487 puts. Buying was focused particularly on the February 9 and January 10 calls as AMR was trading at $8.29, according to OptionMonster's tracking systems, which identify unusual options activity.

More Options Tips from Jon Najarian
AMR: Complete Options Chain
AMR: Insider Activity
A block of 2,500 February 9 calls (AMRBL) went off at $1.75, as well as blocks of 416 and 654 at $1.70. I also see blocks of 550, 491, 707, and 454 contracts hitting for $1.05 at the January 10 call strike (AMRAB).

Disclosures:

I am long on AMR.

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AMR Competes With:

Continental Airlines

Delta Air Lines

United Airlines

US Airways

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Jon 'DRJ' Najarian is a professional investor, CNBC contributor, and cofounder of OptionMonster.

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