Pete Najarian spoke on CNBC’s “Fast Money Halftime Report” about unusually high options activity in Freeport-McMoRan Inc (NYSE:FCX) and Micron Technology, Inc. (NASDAQ:MU).
He saw huge activity in Freeport-McMoRan on Friday. Traders bought 4,500 contracts of the July $38 calls for 83 cents and 9,000 contracts of the July $41 calls for a little over a dollar.
When Micron was trading around $77, traders bought around 5,000 of the September $95 calls and 3,000 contracts of the August $95 calls.
