Talisman Energy Inc. (USA) (NYSE:TLM) is one of billionaire investor Carl Icahn‘s favorite stocks. Ever since the news of Icahn adding to his position in Talisman Energy Inc. (USA) (NYSE:TLM)’s stock was out, the stock’s options are witnessing an unusual activity. FMHR trader Jon Najarian explained the activity happening around Talisman Energy Inc. (USA) (NYSE:TLM)’s options on CNBC earlier today.
“[...] He [Carl Icahn] has been adding to it, and it is indeed Talisman Energy Inc. (USA) (NYSE:TLM), up $0.25 so far today. What we have seen is, since his stake was known and added to, people have been jumping in on this one. Lately I have seen strong activity in the October 11 ‘Calls’, they have traded over 20,000 of those today. Big activity and that strike, just where the stock is right now [...],” Najarian said.
Najarian also revealed that he has bought the same options as he feels that the stock is going to target higher levels. He mentioned that he will be holding this position for two to three weeks.