Jon Najarian Sees Unusual Options Activity In Salesforce and Apple

Jon Najarian spoke on CNBC's Fast Money Halftime Report about bullish options activity in Salesforce.com, inc. CRM and Apple Inc. AAPL.

He noticed somebody sold almost 10,000 contracts of the May 75 puts and bought almost 10,000 contracts of the May 90 calls in Salesforce in the first half of the trading session on Monday. Najarian explained that the May expiration indicates that traders are expecting a move higher soon.

Najarian also said there was a huge volume in Apple. Traders bought 60,000 contracts of the June 145 calls for an average price of $3.20. They're betting the stock is going to trade more than 6.36 percent higher at the June expiration.

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Posted In: CNBCOptionsMarketsMediaFast Money Halftime ReportJon Najarian
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