Pete Najarian Sees Unusual Options Activity In Wynn Resorts

On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusually high bullish options activity in Wynn Resorts, Limited WYNN.

He said that traders bought 8,200 contracts of the September 135 calls in the first half of the trading session on Wednesday. They paid for them between $3.60 and $4.60, so the break even is in the range between $138.60 and $139.60. Najarian also noticed unusual volume in the January 135 calls. He explained that almost 10 times the open interest was purchased.

Najarian has a long stock position in Wynn Resorts.