Pete Najarian Sees Unusual Option Activity in Airline Stocks $LUV $DAL $AAL $JBLU

On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in a variety of airliners.

Pete has been seeing buying all across the sector, with short-term August calls being bought in multiple names.

First was LUV, where traders were buying 14,000 Aug $65 calls. In DAL, traders were buying vertical call spreads in the Aug $50-52.5 spread. Pete also noticed call buying in AAL.

This morning, traders were buying 5,000 December$ 24 calls  for $0.70, selling 5,000 December $28 calls for $.08 and selling 5,000 December $19 puts for $0.45. This is a Bullish 3-way combo, which is a more advanced trade. Pete is in DAL and JBLU.