Jon Najarian Sees Unusual Options Activity In AMD And Macy's

On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusual options activity in Advanced Micro Devices, Inc. AMD in the first half of the session on Thursday. He said traders were buying the June 18, $82-strike calls in the name and then they moved to the June 25, $85-strike calls. Both of these trades are projecting the stock goes significantly higher, said Najarian.

Around 10,000 contracts of the August $21 calls were traded in Macy's Inc M when the stock was trading at $18.44. The trade is perhaps a back-to-school play, said Najarian.