Pete Najarian Sees Unusual Option Activity in $COF and $BIIB

On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $COF & $BIIB, plus a Final Trade in $JBHT.

In $COF, traders are buying 5,000 of the January $103 calls for $0.39 to $0.80 . Pete bought these calls and noted that they expire at the end of the week.

In $BIIB, traders bought 2,000 of the February $295 calls for $15.20 as part of a bullish spread. Pete bought these calls and noted that he will be in them for about a month.