Najarian Brothers See Unusual Options Activity In Celgene And Potash

Jon Najarian spoke on CNBC's Fast Money Halftime Report about unusually high options volume in Celgene Corporation CELG. He noticed that traders were buying the February 117 calls and he decided to follow the trade. He is planning to hold the position for a week. Celgene is trading almost 2 percent higher on Tuesday.

Pete Najarian said there was a big options volume in Potash Corporation of Saskatchewan (USA) POT. Around 6,000 contracts of the February 19 calls were traded for $0.30. The trade breaks even at $19.30 or 3.93 percent above the current market price. He has a long position in the February 19 calls and he is planning to hold them for a couple of weeks.