Jon Najarian Sees Unusual Activity In Abbott Laboratories

Jon Najarian spoke on

about a high options trading volume in

. Options volume was 6 times higher than a daily average in the name and the most active were the December 46 call options. Call options have outnumbered puts 2 to 1. Najarian added that 4,700 contracts of the December 46 call options were traded, which is a lot more than the open interest. Traders bought the December expiration because they are expecting a very short term move higher and Najarian decided to follow big money and join the trade.