Najarian Brothers See Unusual Option Activity in $RL, $ATVI, $CLF & $AIG

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $RL, $ATVI, $CLF and $AIG.

Jon sees unusual activity in RL, where 2,000 of the June $115 calls were bought for 4.80 as part of a complex spread. Jon bought these calls and plans to hold them through their earnings call next week on the 23rd.

Jon is also seeing unusual activity in ATVI, as 10,000 of the June $75 calls were bought for 0.72 as part of a spread. Jon owns ATVI calls and plans to be in them for two to three weeks.

Pete is seeing unusual option activity in CLF, where 10,000 of the October $9 calls were bought for 1.08, after deep in the money calls were cited by Jon yesterday. Pete bought these calls and plans to hold them for a few months.

Pete also sees bullish activity in AIG, as 9,000 November 60 calls were bought for around a dollar, citing that UBS came out with an upgrade on the name today. Pete bought these calls and plans to hold them for a few months as well.