On CNBC's Fast Money Halftime Report, Jon Najarian spoke about unusually high options activity in Home Depot Inc HD and T-Mobile US Inc TMUS.
He said traders were buying the June 155 calls in Home Depot in the first half of the session on Friday. They paid $1.45 for them, which sets the break even for the trade at $156.45 or 4.3 percent above the current market price. He followed the trade and he is planning to hold it through the earnings, which are scheduled next month.
Najarian also noticed that traders were buying the June 70 calls in T-Mobile for $1.52. The trade breaks even at $71.52 or 10.54 percent higher. Najarian owns calls in the name and he is going to hold them for several weeks.
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