Pete Najarian Sees Unusual Options Activity In Pfizer Inc.

CNBC Fast Money's Pete Najarian said on the show that he is watching Pfizer Inc. PFE. He explained that it has been flat year to date, but its performance has been great in the last month. Najarian explained that the trading activity in the December call options was very high as the traders were rolling the December 6 expiration for the December 13 expiration. They were buying 31.5 strike and paying $0.34 for it. This sets break even for the trade at $31.84. Najarian loves this trade because somebody who has already made money wants to stay long in the name.