Najarian Brothers See Unusual Option Activity in $SBUX, $MU & $KEY

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $SBUX, $MU and $KEY.

Jon sees unusual activity in SBUX, where 10,000 of the February $60 calls were bought for 4.75 as part of a bullish roll. Jon bought these calls and plans to be in them for about a month.

Jon also sees unusual bullish activity in MU, where 3,800 of the 25January $36 calls were purchased for 0.64 to 0.75. Jon bought these calls also and plans to be in them from a week to ten days.

Pete is seeing seeing unusual activity in KEY, as traders purchased 12,100 of the 25January $16.50 calls for 0.23-0.25. Pete bought these calls and plans to hold them through to their expiration unless they move quickly.