Pete Najarian Sees Unusual Options Activity In Citigroup

Pete Najarian spoke on CNBC's "Fast Money Halftime Report" about unusually high options activity in Citigroup Inc C.

He noticed that almost 12,000 contracts of the June 67 calls were bought in a single print in the first half of the trading session on Monday. The buyer paid around $0.30, which sets the break even for the trade at $67.30 or 4.63 percent above the current stock price.

Najarian decided to follow the trade and he is planning to hold the position for a week.