Najarian Brothers See Unusual Option Activity in $ATVI, $FCX, $MAS & $PCG

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $ATVI, $FCX, $MAS and $PCG.

Pete is seeing unusual activity in $ATVI as traders purchased more than 15,000 of the 11October $55 calls for $0.34 to $0.50.

Pete is also seeing unusual activity in $FCX, as traders purchased 5,000 of the December $11 calls for $0.22 to $0.23 as part of a bullish roll. Pete bought these calls, adding to a position, noting the important dates before their expiry regarding international trade.

Jon sees unusual bullish activity in $MAS, as traders purchased 3,500 of the October $44 calls for $0.45 to 0.60. Jon bought these calls, commenting on housing, and will be in them for two to three weeks.

Lastly, Jon is seeing unusual activity in $PCG, as traders purchased 7,000 of the October $11 calls for $0.71 and $0.72. Jon owns these calls and expects to be in them for two to three weeks as well.

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