Pete Najarian Sees Unusual Options Activity In Halliburton

On CNBC's Fast Money Halftime Report, Pete Najarian spoke about unusually high bullish options activity in Halliburton Company HAL.

He noticed on Monday that options traders have sold over 10,000 contracts of the December 44 puts for $2. Najarian explained that this means that they are willing to own the stock at $42 or approximately 6.5 percent lower, which is right at the 100-day moving average.

Najarian owns call options in Halliburton and he's planning to hold them for three weeks.