On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in ICE and NRG.
In ICE, traders were buying the July $65 puts, 20,000 of them bought for $.30 to $.35. Pete thinks that these traders are buying protection against a stock position.
In NRG, traders were buying 7,000 of the July $17 calls for $.30. Pete is in this one for about 1.5 weeks.