Najarian Brothers See Unusual Options Activity In Yelp And Halliburton

On CNBC's Fast Money Halftime Report, Jon Najarian spoke about Yelp Inc YELP. It was trading higher on rumors about a possible takeover activity and he noticed a bullish options activity in the name. Traders were buying the May 37 calls in the first half of the trading session. Najarian thinks that the stock should be watched closely and he added that he has also bought the calls.

Pete Najarian said that he noticed a very aggressive buying in the April 51.50 calls in Halliburton Company HAL. Around 22,000 contracts were bought in the first half of the session and traders paid around $1 for them. The trade breaks even at $52.50. Pete Najarian followed the trade and he is planning to hold it for three weeks.