Jon Najarian Sees Unusual Options Activity In Facebook And Cabot Oil

On CNBC's "Fast Money Halftime Report", Jon Najarian said that he likes Facebook, Inc. FB at its current price level. The stock traded lower on Wednesday, but somebody was buying the October $185 calls. Najarian bought these calls and he is going to hold them for two or two and a half weeks.

Around 10,000 contracts of the April 21 calls were traded in Cabot Oil & Gas Corporation COG for 62 cents, said Najarian. The trade breaks even at $21.62 or 26.21% above the current stock price. Najarian jumped in the trade and he is planning to hold the position for several months.