Najarian Brothers See Unusual Option Activity in $EFX

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On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in EFX.

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According to sources, the EFX data breach took place on July 29th. Two days later, several executives sold about $2 million worth of stock (about a 13,000 share equivalent). Our proprietary scanners showed that traders were buying puts on August 21, where someone was buying the September $135 puts, with the stock trading at $140 at the time. They paid $.60 for these puts, and today these puts are trading at over $16 in light of the recent disclosure.

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