Najarian Brothers See Unusual Activity in $PPC & $GE

On today’s CNBC Halftime Report, the Najarian brothers picked up some unusual option activity in PPC and GE.

PPC

Earlier today, traders were buying up 14,000 June 25 calls for $.40. This is a bullish bet that says PPC will be higher by June expiration. Pete mentioned that he doesn’t see much unusual activity in this name, so it was an interesting find. Both Jon and Pete are in this name.

GE

Jon noticed some activity in GE, in the June 2nd weekly calls. A trader was buying 6,000 at the $29 strike for $.21. Jon is in this short term trade for a week to 10 days.