Najarian Brothers See Unusual Option Activity in $SLB, $BG $HAL & $TGT

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $SLB, $BG, $HAL and $TGT.

Jon sees unusual activity in SLB, where 10,000 of the February $42.50 calls were bought for 1.35 as part of a bullish roll. Jon bought these calls and plans to be in them for thirty days.

Jon also sees unusual bullish activity in BG, where 5,000 of the 18April $65 calls were purchased for 1.07 as part of a complex bullish spread. Jon bought these calls also and plans to be in them for about two months.

Pete is seeing seeing unusual activity in HAL, as traders purchased 10,000 of the February $30 calls for 1.40-1.41 as part of a bullish roll.

Pete is also seeing unusual activity in TGT, as traders purchased 5,400 of the January $72 calls from 0.95 to 1.10 in addition to some activity in the January $71 calls around the same time. Pete added to his TGT stock position.