Jon Najarian Sees Unusual Options Activity In Proshares Trust II

On CNBC's Fast Money, Jon Najarian spoke about unusually high options activity in Proshares Trust II EUO. The ETF seeks daily investment results that correspond to two times the inverse of the daily performance of euro - U.S. dollar currency pair. Najarian explained that traders who think that Mario Draghi is going to make a move on interest rates and deposit rates on Thursday should consider buying call options in the ETF. He added that 44,000 contracts of the February 28 call options were traded on Wednesday, when the stock was at $27.14. Najarian thinks that Proshares Trust II is going a lot higher and he decided to follow the trade.