Jon Najarian Sees Unusual Options Activity in $GIS

On a CNBC Web Exclusive, Jon Najarian is seeing unusual options activity in GIS.

Traders were buying very short-term, targeting this week’s weekly $60 calls, with the stock around $59 today. They are looking for a sharp, quick move higher, on rumors of a Nestle takeover. Jon has seen unusual activity in this name in the recent past, and is keeping an eye on the stock.