King Digital Entertainment PLC (NYSE:KING) and Delta Air Lines, Inc. (NYSE:DAL) have traded unually recently and both of the companies seem to have been on a rise this week so far.
Pete Najarian and Jon Najarian, CNBC’s FM traders were discussing how the stocks of King Digital Entertainment PLC (NYSE:KING) and Delta Air Lines, Inc. (NYSE:DAL) have traded recently and were mostly on upside.
“Basically last Friday Pete identified the unusual activity when the stock was trading lower and the options were 70 cents. These options exploded all the way up here to a $1.20 then to $2.60 and we said this is like a gift, let’s take it.” Jon Najarian stated about the unusual rise in King Digital Entertainment PLC (NYSE:KING)’s share price.
According to Jon Najarian, rise in prices of another game maker, Glu Mobile Inc. (NASDAQ:GLUU) also helped the price gain of King Digital Entertainment PLC (NYSE:KING). The airline index as a whole is on upside during the past one year. Delta Air Lines, Inc. (NYSE:DAL) is one of the companies in the airline index and it has been the talk of that industry. Market is bullish on Delta Air Lines, Inc. (NYSE:DAL) and the way Richard Anderson has managed the company is being appreciated. The stock of this airline company has increased by over 40% YTD and has been mostly on upside even on a weekly basis except for a couple of dips.
Pete Najarian said that Delta Air Lines, Inc. (NYSE:DAL) is worth to be kept for another two weeks if someone is looking to hold the shares and if the options double, they sell it and get out. That tells that the market is currently bullish on these stocks.
“If we stay with this trade, we gonna stay with this for a couple of weeks or if they double, we’re gonna get out.” Pete Najarian said about Delta Air Lines, Inc. (NYSE:DAL).
Lansdowne Partners and Odey Asset Management Group are key investors in Delta Air Lines, Inc. (NYSE:DAL) with approximately 29.1 and 12.3 million shares as of march 31st 2014.
Disclosure: None
