Jon Najarian Sees Unusual Options Activity In US Steel

On CNBC's "Fast Money Halftime Report", Jon Najarian spoke about unusually high options activity in United States Steel Corporation X.

He said that traders were buying the August 24 calls in the name for around 88 cents. Almost 13,000 calls were traded in the first half of the trading session on Thursday, which is significantly higher than the usual options volume in US Steel. The trade breaks even at $24.88 or 22.62 percent above the current stock price.