Najarian Brothers See Unusual Option Activity in $CAT, $MRK & $LPLA

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $CAT, $MRK and $LPLA.

Pete sees unusual activity in CAT, in the November $150 calls, as 3,000 were bought for 5.00. Pete owns CAT calls.

Pete also updated the trade in COP from June 27, stating that those calls moved to the upside today, and he is now out of the position.

Jon is seeing unusual activity in MRK, as 10,000 of the August $65 calls were bought for 0.55 to 0.64. Jon bought these calls and plans to hold them for up to three weeks.

Jon is also seeing unusual option activity in LPLA, where 3,500 of the August $70 calls were bought for 2.25. Jon bought these calls and plans to hold them for about a week to ten days.