Najarian Brothers See Unusual Options Activity In Criteo And Noble Energy

On CNBC's Fast Money Halftime Report, Jon Najarian said he noticed high options volume in Criteo SA (ADR) CRTO. Traders bought around 6,000 contracts of the July 50 put in the first half of the trading session. The trade is unusual because a total volume in the last month was only 900 contracts. It's also interesting that Criteo SA (ADR) is a French company and that the trade happened ahead of the French presidential election.

Pete Najarian bought the June 32.50 call options in Noble Energy, Inc. NBL after he saw that somebody bought 10,000 contracts in the first half of the trading session. He paid $0.45 for them, which sets the break even for the trade at $32.95 or 9.18 percent above the closing price on Wednesday. He believes the risk/reward in the name looks attractive and he is hoping that the stock is going to bounce from its recent lows.