Najarian Brothers See Unusual Option Activity in $IBM, $XLF, $PG & $ABBV

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in IBM, XLF, PG and ABBV.

Pete informed us of traders buying up the IBM November $160 calls, where traders were buying these contracts for $1.25-2.40. Pete is bullish IBM and owns the stock. Pete also alerted us to call buying the XLF, where traders were buying up the November $27 and 3November $26.50 calls.

Jon was eyeing PG call buying, where traders were buying the October $93.50. Jon is in these calls for 1 week. He also is looking at call buying in ABBV in the November $94 calls. Jon is also in these contracts.