Najarian Brothers See Unusual Options Activity In Red Hat Inc And Energy XXI Ltd

Jon Najarian spoke on the show about unusually high options activity in

. He explained that the stock traded lower on Wednesday, but traders were buying the April 72.50 call options. Around 7,200 contracts were traded and that was enough for Jon Najarian to follow the trade and buy call options. He is planning to hold the position for two weeks. Pete Najarian noticed some activity in

. A trader bought over 4,000 of the April 5.50 call options and Pete Najarian decided to follow the trade. He is planning to stay long for three to four weeks. He added that there is increased options activity across the energy space.