Pete Najarian Sees Unusual Options Activity In Nuance Communication

On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusually high options activity in Nuance Communications Inc. NUAN.

He said that options traders were buying the January 16 calls for $0.50. Around 4,500 contracts were traded and Najarian decided to follow the trade. It breaks even at $16.50 or 8.7 percent above the current stock price.