Unusual Options Activity: Devon Energy, Kraft Heinz And Salesforce

On CNBC’s “Halftime Report,” trader Jon Najarian said that there was unusual activity in the options market for Devon Energy Corp DVN. Traders bought the January 46 calls, he mentioned.

With the stock being just under $42, the trade represents $4 out of the money calls, Najarian stated.

Another stock with unusual options activity is Kraft Heinz Co KHC. Around 10,000 contracts of the December 34 call were bought, Najarian said.

There was also unusual options activity for salesforce.com, inc. CRM. There was “big buying” in the January 280 puts. Traders are betting that the stock will continue to dive after the company reports earnings.