Top trader Najarian sees pop in Best Buy shares

Getty Images

CNBC "Halftime Report" trader Jon Najarian bought shares of Best Buy on Monday, after spotting unusual activity in the options market.

Najarian, who is leading CNBC Pro's Model Portfolio competition this year, up 11 percent, believes the bulls are shopping for more upside on the stock.

In the past week, shares of BBY rallied 24 percent, after the consumer electronics retailer reported better-than-expected sales and raised its guidance ahead of estimates.

More In Investing

CNBC ProDavid Einhorn makes a case for copper to ride renewable energy trend, recommends two miner stocks
CNBC ProShares of engineering firm KBR have 75% upside, says top ESG investor Lauren Taylor Wolfe
CNBC ProJPMorgan’s Kolanovic says the market is now ‘getting cheap,’ favors economic recovery stocks