Jon Najarian’s 2nd Pick for Ep#13 – B3 Show

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In his latest recommendation, Jon suggests looking into Valvoline ($VVV), a company that specializes in lubricants. The stock is presently trading at $37.25. Jon states that there has been a surge in the buying of March 40 calls, which are being bought for about $2.75 above the market price. This trade is a speculation that Valvoline will experience a price increase over the next two weeks, during regular March (not this week’s expiration). Jon assumes that the audience has a good understanding of Valvoline’s lubricant products and operations.

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