Najarian Brothers See Unusual Option Activity in $XLE & $TXN

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

Pete Najarian is seeing activity in XLE, where traders bought 28,000 March $75 calls. This was a roll from a previous trade, up and out. Pete is in these for 2 months, unless there is a faster move.

Jon Najarian is seeing activity in TXN, as the stock is trading at all-time highs today. Traders are buying the 4,500 January $105 calls. Jon is in for 1 week to 10 days.

As an update, from yesterday’s unusual activity, BB announced a deal with BIDU today, and shares are up over 9% today.