Jon Najarian Sees Unusual Options Activity In Lululemon

On CNBC's "Fast Money Halftime Report", Jon Najarian spoke about unusually high options volume in Lululemon Athletica inc.LULU. He said that he likes to follow traders who open a position in the same stock after they make a successful trade.

He noticed that somebody bought calls in Lululemon for $3 two weeks ago and for $5 a week ago and on Friday she or he sold them for $9.50. The trader then decided to buy the August 55 calls. Almost 3,000 contracts were traded in the first half of the session. Najarian followed the trade and he is going to hold the position for two weeks.