Pete Najarian Sees Unusually High Options Activity In eBay

Pete Najarian said on CNBC's Fast Money Halftime Report that eBay Inc EBAY had unusually high options volume on Friday.

Traders were buying the July 32 calls and they were paying around $3.10 for them. Around 5,400 contracts were bought in the first half of the trading session. The breakeven for the trade is at $35.10 or 4.37 percent above the current market price.

Najarian added that eBay looks very interesting, because it seems to him it's breaking out on the upside.