Jon Najarian spoke on CNBC's "Fast Money Halftime Report" about unusually high options activity in Newell Brands Inc NWL. Around 4,000 contracts of the January 50 calls were bought in the first half of the trading session. Traders also sold a higher strike against them. Najarian followed the trade and he is planning to hold it for a month or two months.
Pete Najarian noticed unusual activity in Alcoa Corp AA. Early in the session, traders were buying the October 42 calls and they paid $1.30 for them. They bought more than 10,000 contracts in a block trade. The trade breaks even at $43.30 or almost 9 percent above the closing price on Tuesday.
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