Najarian Brothers Saw Unusual Options Activity In Colgate-Palmolive And Facebook

On CNBC's Fast Money Halftime Report, Jon Najarian spoke about unusually high options activity in Colgate-Palmolive Company CL. He said traders were buying the August expiration, upside calls on Tuesday. Around 5,000 contracts were traded in the first half of the trading session. Najarian wants to follow the trade and he is planning to initiate a long position in the name.

Pete Najarian noticed huge call options buying in Facebook Inc FB. Around 4,000 contracts of the April 146 calls were traded early in the session on Tuesday. He bought calls in Facebook and he is planning to hold them for two weeks.