Jon Najarian Sees Unusual Activity in KSS & LULU


Traders are buying a few thousand May 42.50 calls, selling puts against them to create a bullish spread. Jon thinks the stock trades higher into earnings, will be in it for 2-3 weeks.


Jon saw some unusual activity in LULU a few weeks ago and has been holding the name in light of some private equity speculators coming into the name. Jon sold some puts in LULU a few weeks ago, and is holding May call options until expiration.


Check out the video from CNBC’s Halftime Report Here!