Pete Najarian Sees Unusual Options Activity In ArcelorMittal

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On CNBC's "Fast Money Halftime Report", Pete Najarian said that he noticed unusually high options activity in ArcelorMittal SA (ADR) MT. Traders were buying the June 21.50 calls, which expire on Friday, June 30.

Around 11,000 contracts of the June 21.50 calls were traded on Friday. Najarian thinks that the stock might trade to $26, if it breaks above its 50-day moving average. He owns call options in ArcelorMittal and he is planning to hold them for a week.

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Posted In: CNBCOptionsMarketsMediaFast Money Halftime ReportPete Najarian
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