Najarian Brothers See Unusual Option Activity in $MRVL, $XOP, $AVYA & $NFLX

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $MRVL, $XOP, $AVYA and $NFLX.

Pete is seeing unusual activity in $MRVL, as traders purchased 2,800 of the 03May $22.50 calls from $0.28 to $0.31. Pete bought these calls and noted the bulls have continued to be right on this name, year-to-date.

Pete is also seeing unusual activity in $XOP, as traders purchased 11,000 of the May $33 calls for $0.65 to $0.70. Pete owns XOP calls.

Meanwhile, Jon is seeing unusual upside activity in $AVYA , as 5,000 of the September $20 calls were bought for $1.45 to $1.55 as part of a bullish spread. Jon bought these calls and plans to hold them for about two months.

Jon also sees unusual activity in $NFLX, as 6,800 of the 12April $365 calls were bought for up to around $5.00. Jon bought these calls as well, noting that they expire on Friday, and he plans to hold them two or three days.