Pete Najarian Sees Unusual Option Activity in $SFM

On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in SFM.

A trader is buying up 9,500 Dec $25 calls for $1.50, and sold 15,000 $17.5 puts to finance the calls. This is an extremely bullish bet, where the trader will own shares at $17.5 or lower, but is looking for the stock to run higher than $25.