Najarian Brothers See Unusual Option Activity in $MLCO, $UNH, $CVS & $SLB

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $MLCO, $UNH, $CVS and $SLB.

Jon is seeing unusual activity in MLCO, as 3,500 of the October $26 calls were bought for 0.55 to 0.65. Jon bought these calls.

Jon is also seeing unusual option activity in UNH, where 4,000 of the September $285 calls were bought for 0.12. Jon bought these calls and plans to hold them through Labor Day or the first week of September.

Pete sees unusual activity in CVS, in the October $75 calls, as around 2,500 were bought as part of a bullish spread. Pete bought these calls and likes to see the activity in the name, noting that over the past couple of weeks similar trades been getting put on repeatedly. He’ll likely be in the trade through October.

Pete also sees an unusual trade in SLB where over 4,000 of the September $66.50 calls were bought for around 0.85. Pete bought these calls and plans to be in them for a couple of weeks.