Jon Najarian Sees Unusual Option Activity in $LULU

On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in LULU.

Trader’s were buying up 3,000 Aug $55 calls for $5.85. Jon has seen repeated buying in this name a few weeks ago, and thinks traders are rolling up their profits into these calls. Jon thinks that this activity might push the stock through $60 in the short term.