Najarian Brothers See Unusual Option Activity in $TJX & $OIH

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $TJX and $OIH.

Jon is seeing unusual activity in $TJX, as traders purchased over 10,000 of the June $50 calls for $0.90 to $1.00. Jon bought these calls and will be in them for the next two to three weeks.

Pete is seeing unusual activity in $OIH, as traders purchased 10,000 of the June $14.50 calls for $0.17 and $0.18 as part of a bullish spread. Pete bought these calls and plans to be in them for at least a couple of weeks, also noting that he bought the TJX calls alongside Jon.

Jon then updated AMRN, which he noted as Unusual Option Activity on Friday, May 24, as those 31May $19 calls had moved to nearly a dollar from their initial purchase as the underlying stock had risen roughly 14% on the day at the time.