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Najarian Brothers See Unusual Options Activity In Medtronic, Snap And More

Craig Jones

On CNBC's "Fast Money Halftime Report," Pete Najarian spoke about unusually high options activity in Medtronic PLC (NYSE: MDT) and Snap (NYSE: SNAP).

He said options traders were buying the Oct. $115 calls in Medtronic. Around 2,500 contracts were traded in the name and Najarian decided to follow the trade. He added that there was also some activity in the Aug. $108 calls.

Najarian also noticed call options activity in Snap. Around 10,000 contracts of the Oct. $20 calls were traded in the first half of the session. Pete Najarian has a long position in the name and he is planning to hold it until October.

See Also: Option Traders Making Bullish Bets On Comcast

Jon Najarian said that there was unusual options activity in the Oct. $155 calls in iShares Russell 2000 Index (NYSE: IWM). The volume reached 10,000 contracts and it was the second day in a row with big volume.

Planet Fitness Inc (NYSE: PLNT) also had big options volume. Traders were buying the Oct. $70 calls in the name.

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