Pete Najarian Sees Unusual Option Activity in $PEP & $FCX

On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $PEP & $FCX.

In PEP, traders were buying the 5,000 April $135 calls for $.33. Pete is holding these for a few months.

Also, Pete was seeing activity in FCX, where traders were buying 23,000 March $20 calls for about $.85. Pete was already in this trade and will be holding through February.