Najarian Brothers See Unusual Options Activity In Microsoft And Mylan

On CNBC's Fast Money Halftime Report, Pete Najarian said he noticed some bullish options activity in Microsoft Corporation MSFT. Somebody bought over 7,000 contracts of the February 63.50 calls in the name for $0.40. The trade breaks even at $63.90 or 0.41 percent above the closing price on Monday. Najarian decided to follow the trade and he thinks Microsoft is going to bounce back to $66.

Jon Najarian spoke about big options activity in Mylan MYL. He said traders were aggressively buying the March 42.50 calls. He is bullish on the stock and he decided to buy the March 40/42.50 call spread to get a long exposure.