Jon Najarian Sees Unusual Options Activity In Ensco

Speaking on CNBC's Fast Money Halftime Report, Jon Najarian said he noticed aggressive call options buying in ENSCO PLC ESV on Friday.

Traders were buying the March 10 calls for $0.50. The trade breaks even at $10.50 or 5.95 percent higher and it expires in two weeks. Najarian decided to follow the trade and he's planning to hold it for a week. He added that if ENSCO breaks above $10, it is going to reach $12. If that happens, he's going to make a profit of $1.50.