Pete Najarian Sees Unusual Options Activity In Applied Materials

Pete Najarian spoke on CNBC's "Fast Money Halftime Report" about unusually high bullish options activity in Applied Materials, Inc. AMAT.

When the stock was trading at $53.30, somebody stepped in and bought around 11,000 contracts of the October 55 calls. The volume increased to 31,000 contracts by the end of the day. Najarian thinks the stock is going higher and he decided to buy calls in Applied Materials. He is going to hold the position for at least a week.