Najarian Brothers See Unusual Option Activity in $SIG, $IP, $AJRD & $CRON

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $SIG, $IP, $AJRD and $CRON, plus an update on $APA.

Pete is seeing unusual activity in $SIG as traders purchased 12,300 of the April $22 calls for $1.17 to $1.20 as part of a bullish roll. Pete bought these calls and will be in them all the way out into April.

Pete also sees unusual activity in $IP, as traders purchased 7,800 of the October $42.50 calls for $0.19 to $0.46. Pete also bought these calls and reminded viewers that they expire this Friday.

Jon is seeing unusual bullish activity in $AJRD, as traders purchased more than 3,000 of the November $55 calls for $0.45 to $0.70. Jon bought these calls and will be in them for about a month.

Jon also sees unusual activity in $CRON, as traders purchased 5,000 of the January $7.50 calls for $1.24 to $1.29.

Jon lastly updated his trade in $APA from October 14, noting that those calls have doubled today.