The bull case for Netflix

It's been a tough year for Netflix.

The content-streaming site finished 2015 up 142%, but so far it hasn't been able to catch a break in 2016.

Shares of Netflix, already down double digits year-to-date, went into a nosedive today following the company's weaker than expected second-quarter outlook.

But where others might sell, Jon Najarian saw an opportunity and bought Netflix after yesterday's close. He discussed his trade on the "Halftime Report."

Najarian believes that Netflix is heading higher over the next few months.

He bought regular stock last night, which he sold this morning for a small profit.

He then bought Netflix calls with various June expiration dates.

So long as Netflix trades above $100 by June, Najarian will make a 400% profit on his trade

Jon Najarian owns Netflix calls.