Najarian Brothers See Unusual Option Activity in $EFX

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in EFX.

According to sources, the EFX data breach took place on July 29th. Two days later, several executives sold about $2 million worth of stock (about a 13,000 share equivalent). Our proprietary scanners showed that traders were buying puts on August 21, where someone was buying the September $135 puts, with the stock trading at $140 at the time. They paid $.60 for these puts, and today these puts are trading at over $16 in light of the recent disclosure.