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Airlines, insurance as areas to watch: Traders

The "Halftime Report" traders delivered their strategies for the shortened trading week.

Pete Najarian said he was bullish on the airlines—particularly UAL.

Stephanie Link is keeping an eye on the insurance area after ACE agreed to acquire Chubb in a deal worth $28.3 billion.

Jim Lebenthal isn't planning to make any moves before the holiday weekend.

Trader disclosure: On July 1, 2015, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Halftime Report" traders: Pete Najarian is long AMAT, AAPL, BABA, BAC, BMY, BP, CSX, DISCA, DKS, FOXA, GE, KKR, KO, LLY, MRK, PEP, PFE, he is long calls AAPL, ABX, BAC, BBY, C, DAL, ETFC, FCAU, GS, HYS, INVN, JPM, LULU, LVS, NUAN, OC, PNR, S, SPY, SXC, SYY, TSLA, UAL, UBS, USB, VOYA, VZ, WYNN, XLF, ZIOP. Today he bought LVS calls and TSLA calls, today he sold some WYNN calls. Jon Najarian is long AEP, GE, HOG, NRG, PG, he is long calls ALK, ARG, ARIA, BAX, CAH, CNX, CTXS, DD, DE, EMN, ETFC, EXPR, FB, GE, GLD, GPS, HIG, HZNP, IBM, IDTI, KEX, LCI, LLY, LULU, MCD, NUAN, ORCL, PAH, PE, PG, S, SCTY, SO, TEVA, WMT, he is long puts SODA, VALE. Today he bought CAH calls, HIG calls, and SCTY calls. Today he sold TLT and VIX. Stephanie Link is long ALSN, DAL, HDS, LULU, MS, RHT, UNP. Jim Lebenthal is long AAPL, BP, C, CSCO, DCO, EEQ, GAIA, GM, IBM, INTC, JCP, MPC, OA, ORBC, PFE, QCOM, SJT, SPLS, TGT, TIF, TRMB, VDSI, WGO.