Najarian Brothers See Unusual Option Activity in $ETSY & $AVGO

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

Jon Najarian saw some activity in the Sept $15 calls, almost 6,000 contracts, also selling a few strikes higher to create a bullish vertical spread. Jon will be in these for about a month.

Pete Najarian followed up with some activity he saw last week in AVGO. Today, traders were buying Jan $320 strike calls, looking for a longer-term move higher in the next few months.