Najarian Brothers See Unusual Option Activity in $FB, $INTC & $YETI

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $FB, $INTC and $YETI, plus an update on $MIK.

Pete is seeing unusual activity in $FB, as traders purchased 6,750 of the 13September $190 calls for $1.09 to $1.15 The long calls breaks even when shares of FB reach roughly $191.10 and Pete bought these calls.

Pete is also seeing unusual activity in $INTC, as traders purchased more than 13,000 of the November $49 calls for $2.11 to $2.25. Pete also bought these calls, noting that he will be in the trade through the November expiry, unless they move quickly, then he will be disciplined.

Jon is seeing unusual activity in $YETI, as traders purchased 4,450 of the November $35 calls for $2.50 to $2.55. Jon also bought these calls, expecting to be in the trade for a couple of months.

Jon also updated his final trade from yesterday, $MIK, noting that those calls have screamed to the upside in less than 24 hours!