Pete Najarian Sees Unusual Options Activity In Nuance Communication

On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusually high options activity in Nuance Communications Inc. NUAN.

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He said that options traders were buying the January 16 calls for $0.50. Around 4,500 contracts were traded and Najarian decided to follow the trade. It breaks even at $16.50 or 8.7 percent above the current stock price.