Jon Najarian Sees Unusual Options Activity In Lyft And Vistra

On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about big options activity in Lyft Inc LYFT.

He noticed that options traders were buying the Aug. 28 expiration, $28 strike calls on Tuesday. They paid between 40 and 45 cents for them, which sets the breakeven for the trade between $28.40 and $28.45. Najarian likes the trade and he decided to follow it. He is going to hold the position for a week.

The September $21 calls in Vistra Corp VST were also active. Traders paid around 40 cents for them. The breakeven for the trade is at $21.40 or around 6.5% above the current stock price. Najarian joined the trade and he is going to be in it about a month.