Najarian Brothers See Unusual Option Activity in $KO, $BABA & $SLB with @jimcramer

On today’s CNBC Halftime Report, the Najarian brothers were joined by the one-and-only Jim Cramer for unusual option activity.

Today, traders were buying KO December $44 calls, which were in-the-money. Traders bought around 20,000 total options, looking for a short-term move higher in the stock. Cramer thinks the company is a growth story, and likes that the company is “asset-light.” He also thinks that the weak dollar has been good for the company, and that an acquisition (possibly Monster) might be in the works down the road.

Pete Najarian also mentioned call buying in BABA, where in September of this year, traders bought up 20,000 of the January $180/200 call spread. Today, traders were buying the November $190 calls. Cramer thought Single’s Day was better than expected and loves the stock. He thinks that the stock can possibly go to $200.

Cramer also dipped his feet in the unusual option activity pool, citing call buying in SLB from this past Friday. Although the stock has been a “disaster” lately, he still thinks that struggling oil has a lot to do with the downturn in this name, and that it is one to watch if the energy trade reverses.