Pete Najarian Sees Unusual Option Activity in $GE, $XOP and $JD

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

In GE, traders are betting on downside by buying up 50,000 the 03May $9.50 puts for $0.27 as part of a bearish roll. Pete bought these puts and noted these puts capture the company’s earnings report estimated April 19th.

In XOP, traders bought 10,000 of the 10May $34 calls for $0.23 and $0.24, as well as over 7,000 of the 26April $32.50 calls for $0.32 as part of a bullish roll. Pete owns these calls.

Lastly, in JD, traders bought 4,230 of the 26April $31.50 calls for $0.71 to $0.75. Pete bought these calls as well, noting that the name has hit at least seventeen times with bullish activity.