Pete Najarian Sees Unusual Options Activity In AK Steel

On CNBC's Fast Money Halftime Report, Pete Najarian said options traders were buying the February 9 calls in AK Steel Holding Corporation AKS on Thursday.

He explained that over 12,000 contracts were traded in the first half of the session and he added they expire on February 24. AK Steel Holding gained 3.06 percent on Thursday and it seems that some options traders believe it could jump above $9.