Jon Najarian Likes Noble Energy, Inc.

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CNBC Fast Money's Jon Najarian said on the show

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that he bought stocks and call options in Noble Energy, Inc. (NYSE: NBL) on Wednesday.He explained that he noticed this stock because it had unusually high options volume as almost 12,000 call options were traded. The volume was three times higher than its average and it is also interesting that call options outnumber put options 38:1.Najarian said that this doesn't necessarily mean that the stock is going to trade higher, but in all likelihood he thinks that it is going up.

Noble Energy fell 0.92 percent Wednesday and closed at $69.94.