Pete Najarian Sees Unusual Options Activity In Encana

On CNBC's Fast Money Halftime Report, Pete Najarian spoke about unusually high options volume in Encana Corp (USA) ECA. He said the stock has been struggling in 2017, but it seems that options traders are betting that the bottom might be near.

Over 45,000 calls were traded last week and on Monday traders sold around 46,000 contracts of the April 10 puts and they bought around 5,000 of the October 11 calls. Najarian believes this is bullish for Encana, both in short and long term.