Pete Najarian Sees Unusual Options Activity In Cisco and Iqiyi

On CNBC’s “Fast Money Halftime Report,” Pete Najarian mentioned he bought calls in Cisco CSCO at the $38 strike that expires on Nov. 20. He said he’ll be in the stock through earnings.

He also mentioned he bought IQIYI IQ calls at the $23.50 strike that expires on Oct. 30. He also mentioned people were buying the October $24 calls.