Pete Najarian Sees Unusual Options Activity In Citigroup

Pete Najarian said on CNBC's Fast Money Halftime Report that Citigroup Inc C had unusually high options activity on Monday.

He noticed that traders bought 10,000 contracts of the April 60 calls and sold 20,000 contracts of the April 65 calls in the name. Najarian is also bullish on Citigroup, but instead of following the trade, he decided to simply buy the April 60/65 call spread for $0.70. His trade breaks even at $60.70 or 8.88 percent higher and it can maximally make $4.30.