Pete Najarian Sees Unusual Options Activity In Capri Holdings And GlaxoSmithKline

On CNBC's "Fast Money Halftime Report," Pete Najarian said he saw a buyer of 5,000 contracts of the November $57.50 calls in Capri Holdings Ltd CPRI in the first half of the session on Monday. On top of that, traders were selling upside calls and downside puts in the name. Najarian sees this as a very bullish trade and he decided to jump in.

GlaxoSmithKline plc GSK was active for the second day in a row. On Friday, around 10,000 of the September $40 calls were traded and on Monday, traders bought around 6,500 contracts of the September $41 calls. They paid between 36 cents and 50 cents for the September $41 calls.