Pete Najarian Sees Unusual Option Activity in $XLE, $XBI & $MRK

On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $XLE, $XBI and $MRK.

Pete sees unusual activity in XLE, as traders purchased 15,000 of the 18April 72.00 calls for $0.20 and $0.21. Pete bought these calls.

Pete also sees unusual activity in XBI, as traders purchased 2,500 of the 01March 88.0 calls for $0.50 as part of a bullish roll. Pete bought these calls as well.

And in addition to call buying in the XBI, Pete also sees unusual activity in MRK where 10,600 of the 18April 82.50 calls were bought for $079. Pete also bought these calls.