Pete Najarian Sees Unusual Options Activity In Teck Resources

On CNBC's Fast Money Halftime Report, Pete Najarian spoke about unusually high call options activity in Teck Resources Ltd (USA) TECK. He said traders were buying aggressively the August 26 calls in the first half of the trading session on Monday.

Around 6,000 contracts were bought for around $1.60, which sets the break even for the trade at $27.60 or more than 20 percent higher from the current market price of the stock. Najarian decided to follow the trade and he is going to hold the position for at least a couple of months.