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Jon Najarian buys retail stock on unusual activity

A Lane Bryant store in New York. The brand is part of Ascena Retail Group.
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A Lane Bryant store in New York. The brand is part of Ascena Retail Group.

CNBC "Halftime Report" trader Jon Najarian bought shares of Ascena Retail Group after spotting unusual activity in the options market.

Here's where the trader sees the fast money headed and why he thinks the stock could rally from here.