Jon Najarian Sees Unusual Options Activity In Snap And Goldman Sachs

Speaking on CNBC's "Fast Money Halftime Report", Jon Najarian said he noticed unusual bullish options activity in Snap Inc SNAP. Traders bought around 11,000 contracts of the August 15.50 calls in the first half of the session. They also bought the August 15 calls. Najarian has a long position in the name and he is planning to hold it for a week.

There was also unusually high options activity in Goldman Sachs Group Inc GS. Somebody stepped in and bought 10,000 contracts of the September 250 calls. Najarian explained that this trade is an equivalent to the purchase of 1 million shares. He decided to follow the trade and he is planning to hold it for a month.