Najarian Brothers See Unusual Option Activity in $TWTR, $RLGY & $RIG

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

Jon sees unusual activity in TWTR in the July $35 calls, as 5,000 were bought for 1.10. Jon owns TWTR calls and plans to hold about a month.

Jon also sees bullish activity in RLGY where traders bought 5,900 of the June $27.50 calls from 0.30-0.40. Jon bought these calls and plans to be in them for a few weeks.

Pete Najarian is seeing unusual option activity in RIG, where 20,000 of the August $13 calls were bought for 0.65 as part of a spread. Pete bought these calls and plans to hold them for a few weeks as well.

Pete also provided another update on BHGE calls first noted on April 12th, which he last updated on April 18th. Pete mentioned that those calls traded up to almost $2 today and that he has taken the rest of his position off.