Pete Najarian Sees Unusual Options Activity In Intel And Centene

On CNBC's "Fast Money Halftime Report," Pete Najarian said that he bought calls in Intel Corporation INTC on Tuesday.

He noticed during the first half of the session that traders bought 34,000 contracts of the June 25, $62 calls and 5,000 contracts of the June 25, $60 calls. The company has a big conference coming up and traders are positioning themselves pretty aggressively.

Najarian has also noticed some activity in Centene Corp CNC. When the stock was trading around $69, traders were buying the June $72.50 calls. Around 5,000 contracts were traded for 55 cents. Traders have also sold some puts so the whole trade looks very bullish to Najarian.