Pete Najarian Sees Unusual Activity In Petrobras

On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusual options activity in Petroleo Brasileiro SA Petrobras (ADR) PBR.

He said around 30,000 contracts of the February 12.50 calls were traded in the first half of the trading session. He explained that the trade is a part of a spread as the trader also sold the February 13.50 calls. To open a position, the trader sold to close the February 12 calls, with a profit.

Najarian followed the trade and he is planning to hold the position for a couple of weeks.