Najarian Brothers See Unusual Activity In Colgate-Palmolive, MGM Resorts And Sprint

On CNBC's "Fast Money Halftime Report", Pete Najarian said that somebody bought 10,600 call options in Colgate-Palmolive Company CL on Wednesday, just before the market close. He added that the trader targeted the August expiration.

Jon Najarian noticed some call options activity in MGM Resorts International MGM. Traders were buying the September 32/37 call spread in the first half of the session on Thursday. Najarian likes the trade and he decided to initiate a long position in MGM Resorts.

Options traders were also active in Sprint Corp S on Thursday. Jon Najarian explained that they bought the January 8/9 call spread for $0.47 and they sold the January 5.50 puts for $0.37. The total cost for the trade is $0.10 and if the stock jumps to $9 or higher at the January expiration the profit for the trade is going to be $0.90.