Pete Najarian Sees Unusual Options Activity In CSX

Pete Najarian spoke on CNBC's Fast Money Halftime Report about unusually high call options activity in CSX Corporation CSX on Thursday.

He said somebody bought around 5,000 contracts of the April 46 calls for $1.84 and sold twice as many contracts of the April 50 calls in the first half of the trading session. He explained that the trader believes the stock is going to trade towards $50, but not much through that price level, by the end of April.