Jon Najarian Sees Unusual Activity In Autodesk - Autodesk (NASDAQ:ADSK)

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CNBC Fast Money's Jon Najarian said on the show that he noticed an unusual options activity in

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Autodesk, Inc. (NASDAQ: ADSK).Najarian explained that the stock traded approximately 12.5 percent higher over the last month, but the call options in the name have declined. The December 65 calls fell from $1.10 to $0.5 which is the level that caught a lot of attention. The activity was higher than the open interest and Najarian decided to jump in and buy the stock. He is planning to hold the position for two weeks and if it doesn't move in that time frame he will exit and cut the losses.

Autodesk fell 1.08 percent on Monday and it closed at $61.28.