Najarian Brothers See Unusual Option Activity in $AMAT, $OKTA, $RF & $ECA

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $AMAT, $OKTA, $RF and $ECA.

Jon is seeing unusual activity in AMAT, as 4,000 of the December $38 calls were bought from 0.37 to 1.07. Jon bought these calls and plans to be in them for about a month.

Jon is also seeing unusual option activity in OKTA, where 5,400 of the December $50 calls were bought from 2.50 to 4.80. Jon bought these calls and plans to hold them for about two weeks, while also noting the longer term support, which the stock currently sits at.

Pete is seeing unusual bullish activity in RF noting activity in the December $16 calls, where 5,000 were purchased for 0.51 as part of a bullish spread. Pete bought these calls, noting that yesterday there was also unusual activity in the December $17 calls.

Pete also sees unusual activity in ECA, in the January $7 calls, as 5,700 were bought for 0.85 to 1.00. Pete bought these calls as well, citing that the trade was the fifth unusual trade to hit in the past month in the name.