On today’s CNBC Halftime Report, Jon and Pete Najarian are seeing unusual option activity in $M and $UPS .
Jon Najarian is seeing activity in M, as traders piled in to buy 10,000 of the March $25 calls with the stock trading 24.60.
Pete Najarian is seeing short term unusual call activity in UPS. Traders bought up many strikes but the most notable were the February $108 calls, which traded from 0.50-1.00. Pete owns the stock already but likes to see the activity in multiple strikes with a short time horizon; he is in the short term calls looking for any kind of a move over the next couple of days.