Jon Najarian Sees Unusual Options Activity In Melco And Raytheon

On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in Melco Resorts & Entertainment Ltd MLCO. This was the second day in a row with a strong options activity in the name. On Tuesday, traders were buying the September $22 calls. Najarian followed the trade and he is planning to gold it until the second week of September.

There was also some big institutional buying in Raytheon Technologies Corp RTX. They were buying the August 14, $65 calls for $1.20. Najarian bought these calls and he is going to hold it until Tuesday.