Najarian Brothers See Unusual Option Activity in $MELI, $CRC, $WWE & $DVA

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $MELI, $CRC, $WWE and $DVA.

Jon is seeing unusual activity in MELI, as 5,000 of the January $330 calls were bought for 71.00 as part of a bullish roll-up from the January $250 calls, which nearly doubled from their entry, today. Jon bought these calls.

Jon is also seeing unusual option activity in CRC, where 5,000 of the October $43 calls were bought for 2.05 to 2.20. Jon bought these calls and plans to hold them for about a month.

Pete sees unusual activity in WWE, in the January $90 calls, as around 3,500 were bought as part of a bullish spread against the January $110 calls, for 5.63. Pete bought these calls.

Pete also sees an unusual trade in DVA where over 3,000 of the September $72.50 calls were bought for 2.40 as part of a bullish spread as well, against the $77.50 calls. Pete owns DVA stock and likes to see the call buyers stepping in.