Jon Najarian Sees Unusual Options Activity In Intel

On CNBC's Options Action, Jon Najarian spoke about unusually high options activity in Intel Corporation INTC.

He said that traders bought more than 25,000 contracts of the May 39 calls in the first half of the trading session on Wednesday. He added that they also sold downside puts to more or less offset the cost of owning calls. Najarian followed the trade and he is planning to hold calls in Intel for three to four weeks.