Pete Najarian Sees Unusual Option Activity in $EWZ, $SQ & $BAC

On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $EWZ, $SQ and $BAC.

Pete is seeing unusual activity in EWZ, as traders purchased 10,000 of the February $41 calls for 2.35 as part of a bullish spread. Pete bought these calls and plans to be in them for a couple of weeks, noting other bullish paper seen in the name repeatedly, since October.

In SQ, Pete is seeing unusual buying in the 25January $70 calls, as traders purchased 3,000 for 1.00 to 1.44. Pete bought these calls as well.

Pete also saw unusual activity in BAC, as traders purchased 29,000 of the March $29 calls for 0.81 as part of both a bullish roll and spread. Pete did not buy these calls, but has utilized the paper as a catalyst to add to his stock position.