On CNBC's Fast Money Halftime Report, Jon Najarian spoke about unusually high options volume in Hartford Financial Services Group Inc HIG. He said traders were buying the April 49 calls and the April 55 calls on the news of a possible takeover.
More than 3,500 contracts of the April 49 calls and more than 9,500 contracts of the April 55 calls were traded on Wednesday, which is a lot higher than the normal volume for Hartford Financial Services, explained Najarian.
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