Jon Najarian Sees Unusual Options Activity In Starbucks

Jon Najarian said on CNBC's Fast Money Halftime Report that he noticed a big options volume in Starbucks Corporation SBUX on Tuesday.

Traders were buying the December 55 calls and they bought around 9,000 contracts. Najarian explained that the open interest was around 2,000 contracts, which means that new calls were opened. He also owns calls in Starbucks and he is planning to hold it for a month.