Pete Najarian Sees Unusual Option Activity in $IBM, $PAAS and $GLD

On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $IBM, $PAAS & $GLD.

In IBM, traders are buying up 5,000 of the October $155 calls for $3.74 as part of a bullish roll. Pete added to his existing position in IBM stock.

In PAAS, traders are buying up over 10,000 of the September $18 calls from $0.30 to $0.45. Pete bought these calls and will own then for about four or five weeks.

In GLD, traders bought 10,000 of the October $135 calls for $2.45. Pete noted the frequency bullish traders have shown up on his scanners, and already owns the GLD.