Jon Najarian Is Bullish On Netflix

On CNBC's Fast Money Halftime Report, Jon Najarian revealed that he initiated a long position in Netflix, Inc. NFLX. Najarian explained on the show that he noticed some activity in the December call options. Traders were buying 115, 116, 117 and 118 strike. He believes that the stock is cheap after a 14 percent correction and he decided to take a long position both for his personal account and for his portfolio in the Halftime Report contest.