Najarian Brothers See Unusual Options Activity In TJX Companies And Citigroup

On CNBC's Fast Money, Pete Najarian said he noticed unusually high options activity in TJX Companies Inc (NYSE: TJX). He explained that traders were buying the July 75 calls and selling the July 77 calls. He decided to follow the trade and he is planning to hold the position for few weeks.

Jon Najarian bought July 1 expiration, 41 strike puts in Citigroup Inc (NYSE: C) after he noticed some buying activity. He added that traders were paying up to $1.25 for them as they were trying to get protect their positions ahead of Brexit.