Jon Najarian Sees Unusual Options Activity In Slack And STMicroelectronics

Jon Najarian spoke on CNBC's "Fast Money Halftime Report," about aggressive call options buying in Slack Technologies Inc WORK. Options traders started buying the August 14, $30 calls early in the session and in the first half of the session more than 30,000 contracts were traded. Najarian followed the trade and he is going to hold the position for a week.

He has also bought the October $30 calls in STMicroelectronics NV STM as he noticed some unusually high bullish activity in the name. Traders bought around 12,000 contracts of the October $30 calls for around $1.80. The trade breaks even at $31.80 or around 10% above the current stock price.