Jon Najarian Sees Unusual Options Activity In PAREXEL

On CNBC's Fast Money Halftime Report, Jon Najarian said he noticed unusual call options activity in PAREXEL International Corporation PRXL. He finds it unusual because the stock traded sharply lower after reporting earnings on February 1. The stock has recovered from its two-month low of $61.67 and it is currently trading at around $67.

Najarian said traders were buying the March 70 calls and they bought around 4,400 contracts in the first half of the trading session, which is higher than the total call options volume in January for PAREXEL.