Jon Najarian Sees Unusual Option Activity in $WBA & $GLW

On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $WBA and $GLW.

Jon is seeing unusual activity in WBA, as traders purchased 4,000 of the August $66.50 calls for 1.18 as part of a complex spread. Jon bought these calls, and will be in them for a few weeks.

Jon also sees unusual bullish activity in GLW, where 5,000 of the August $29.50 calls were being purchased for 1.08. Jon bought these calls, plans to sell a higher strike against them as the stock continues to gain, and noted that the company reports earnings tomorrow morning before the open.

Jon also updated the trade in MLCO that Pete Najarian noted on Halftime yesterday, mentioning that the company’s earnings report led the calls to a 200% net gain and that the trade was taken off the table.