Jon Najarian Sees Unusual Option Activity in $AVP and $CVE

On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in $AVP & $CVE.

In AVP, traders are buying up over 8,000 of the 31May $3 calls for $0.10 and $0.15. Jon bought these calls and plans to hold them from two to three weeks.

In CVE, traders bought 75,000 of the June $12 calls, as part of a bullish roll, for $0.27 and $0.28. Jon bought these calls as well, planning to hold them for two or three weeks.