Jon Najarian Sees Unusual Options Activity In Pitney Bowes And Netflix

On CNBC's "Fast Money Halftime Report," Jon Najarian said the October 7 calls in Pitney Bowes Inc. PBI were aggressively bought during the session on Wednesday. He bought these calls as well and he said this is a classic example of somebody who wants to simulate a long position.

See Also: Netflix Buys Roald Dahl Catalog, The Streaming Company's Largest IP Acquisition

Traders were also buying the September $600 calls in Netflix Inc NFLX. Around 12,000 contracts were traded in the first half of the session and that was a big enough reason for Najarian to buy these calls.