Najarian Brothers See Unusual Option Activity in $MDT, $SNAP, $IWM & $PLNT

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $MDT, $SNAP, $IWM and $PLNT.

Pete is seeing unusual activity in $MDT, as traders purchased 2,500 of the October $115 calls for $0.50 as part of a bullish roll. The trade breaks even when shares of the MDT reach $115.50, and Pete noted that he is in the trade after closing out of a previous position.

Pete is also seeing unusual activity in $SNAP, as traders purchased 10,700 of the October $20 calls for $0.21 to $0.26.

Jon is seeing unusual activity in the $IWM, as traders purchased 10,000 of the 30September $155 calls for $1.24 as part of a complex bullish spread.

Also, Jon sees unusual activity in $PLNT, as traders purchased more than 1,100 of the October $70 calls from $2.35 to $2.45. Jon bought these calls.