Jon Najarian Sees Unusual Options Activity In Virgin Galactic And PayPal

Jon Najarian said on CNBC's "Fast Money Halftime Report" that he noticed big-time buyers of the August $19.50 calls in Virgin Galactic Holdings Inc (NYSE: SPCE) when the stock was trading at $18.70. He bought those and he is going to hold them for 5 days as they expire next week.

Paypal Holdings Inc (NASDAQ: PYPL) was also very active. Traders were aggressively buying the September $210 calls and Najarian decided to follow. He is going to hold the position for a month.