Najarian Brothers See Unusual Options Activity In Weatherford And Delta Air Lines

On CNBC's Fast Money Halftime Report, Jon Najarian said traders were buying calls in Weatherford International Plc WFT on Tuesday. The stock dropped 5.38 percent, but somebody decided to jump in and buy the April 6 calls for $0.40. The break even for the trade is at $6.40 or 7.02 percent above the current market price. Najarian bought the calls too and he's planning to hold them for four weeks.

Pete Najarian noticed some bullish options activity in Delta Air Lines, Inc. DAL. Traders were buying the June 50/55 call spread for $1. The trade breaks even at $51 and it can make a maximal profit of $4. Pete Najarian followed the trade and he's going to hold it for a couple of months.