Jon Najarian Sees Unusual Options Activity In Devon Energy

On CNBC's Fast Money Halftime Report, Jon Najarian said traders were buying calls in Devon Energy Corp DVN in the first half of the trading session on Thursday.

The May 43 calls were the most active and their premium increased from $1.30 to $1.85. Najarian decided to follow the trade and he is planning to hold the position for at least a month. He thinks the stock is going to trade considerably higher.

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Posted In: CNBCOptionsMarketsMediaFast Money Halftime ReportJon Najarian
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