On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in CBS, FCX and THC.
In CBS, traders were buying the December $22 calls, which were at-the-money and expiring this week. Jon is thinking this was due to acquisition rumors.
In FCX, Jon is seeing activity in the February $19 calls. Also in THC, traders were buying the May $20 calls. Jon is in all three names.