Najarian Brothers See Unusual Option Activity in $FDX, $XRT, $PG & $MA

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $FDX, $XRT, $PG and $MA.

Pete is seeing unusual activity in $FDX, as traders purchased 3,000 of the September $162.50 calls for $1.51 to $1.54 as part of a bullish spread. The long calls breaks even when shares of FDX reach roughly $164 and Pete bought these calls while noting he plans to be in the trade for about a month.

Pete is also seeing unusual activity in the $XRT, as traders purchased more than 20,000 of the 06September $40 calls for $0.22 to $0.26. Pete also bought these calls, noting they are a short term trade.

Jon is seeing unusual activity in $PG, as traders purchased 8,700 of the November $125 calls for $2.50 to $2.55 as part of a bullish roll. Jon noted how the traders had taken profits on an existing position, and that he’ll be in this trade until about early October.

Jon lastly is seeing unusual bullish activity in $MA, as traders flocked to the 13September $280 calls, paying up to $4.19 for those. Jon bought these calls as well and will be in them for about three weeks.