Jon Najarian Sees Unusual Options Activity In Root And Aurora Cannabis

Jon Najarian spoke on CNBC's "Fast Money Halftime Report" about unusually high options activity in Root Inc ROOT and Aurora Cannabis Inc ACB.

Root has a short interest of around 30% and it was trading around $23 a few months ago. Options traders are buying the July $15 calls in the name as it moved sharply higher, to around $14. Najarian jumped in the trade and he is planning to hold it for a week or two.

He also bought June 11, $12-strike calls in Aurora Cannabis as he saw high options activity in them. Najarian is planning to hold the position for a few days.