Jon Najarian Sees Unusual Options Activity In Ciena And Alibaba

On CNBC's "Fast Money Halftime Report", Jon Najarian said that traders were buying the September 23 calls in Ciena Corporation CIEN in the first half of the trading session on Wednesday. Around 2,500 contracts were traded and Najarian decided to follow the trade.

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He also noticed unusual activity in Alibaba Group Holding Ltd BABA. Traders bought more than 3,000 contracts of the September 175 calls and Najarian joined them. He is planning to hold the position for a week.