Pete Najarian Sees Unusual Option Activity in $GILD & $KKR

On today’s CNBC Halftime Report, Pete Najarian sees unusual option activity in $GILD & $KKR.

In GILD, traders bought the May $90 calls for about $.80. Pete was looking for activity like this, and Pete bought the stock and will sell covered calls against it.

In KKR, the March $22 calls were sold and rolled to the March $24 calls. These traders expect this stock to pop to the upside. Pete will hold these calls through expiration.