Pete Najarian Sees Unusual Options Activity In SAP SE

On CNBC's Fast Money Halftime Report, Pete Najarian spoke about unusually high options activity in SAP SE (ADR) SAP. He said that traders were buying the April 70 call options for $1.65. Najarian explained that somebody thinks that the stock is ready to move higher after bouncing off the 50-day moving average. The breakeven for this trade is at $71.65 at the April expiration.