Najarian Brothers See Unusual Options Activity In Macy's, Inc. And Marriott International Inc

On CNBC's Fast Money, Pete Najarian spoke about unusually high options activity in Macy's, Inc. M. He noticed on May 26 a huge roll from the May to the June options and then on the next day there was a purchase of 13,000 contracts of the July 34 options. Traders continued with the buying on Thursday and Najarian decided to follow the trade. He owns July expiration call options in Macy's, Inc. and he is planning to hold the position for few weeks. Jon Najarian noticed a purchase of 8,000 contracts of the July 70 calls, which is significantly higher than the open interest for the strike. He jumped in the trade and he is going to hold the position for two to three weeks.