Najarian Brothers See Unusual Option Activity in $XOP, $BBBY & $QCOM

On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing Unusual Option Activity in

Jon is eyeing the OPEC event on November 30th, and he was watching XOP today. Traders are buying 36,000 $32 puts for $.24. These traders are looking for downside after the event. Jon also updated us on BBBY put accumulation we saw last week. This trade yielded 4X return.

Pete has been watching QCOM lately, where traders had been buying calls since September. Traders came in again today, buying 5,000 of the Dec $70 calls for $.37. Pete is in these for a few weeks.