Jon Najarian Sees Unusual Options Activity In CarMax

Jon Najarian said on CNBC's "Fast Money Halftime Report" that he noticed unusually high options activity in CarMax, Inc KMX on Friday.

Traders bought around 7,000 contracts of the June 23, 61 strike calls in the first half of the trading session. They also sold some puts to finance the purchase of calls. The company reports earnings on June 21 and the call options buyers are hoping that it's going to beat the expectations.

Najarian bought calls in CarMax and he is planning to hold them for a week.