Jon Najarian Sees Unusual Options Activity In General Mills

Jon Najarian spoke on CNBC's "Fast Money Halftime Report" about unusually high options activity in General Mills, Inc. GIS.

Traders were buying the June 16 expiration, 60 strike calls. Around 5,000 contracts were traded in the first half of the trading session on Wednesday. Najarian explained that there were some rumors that General Mills could become a takeover target. He owns calls in the name, but they do not expire this week. He is planning to hold the position for two weeks.