Pete Najarian Sees Unusual Options Activity In Wells Fargo

On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusually high options activity in Wells Fargo & Co WFC.

Options traders bought 10,000 contracts of the February 60 calls in the first half of the trading session Tuesday. They paid $1.45 for them and the trade breaks even at $61.45 or around 5 percent higher. Najarian already owns the stock and call options in the name and he thinks that it is going to trade above $60.