Minutes before Dow Jones reported that Kate Spade is exploring a sale of its business, one options trader purchased nearly 2,000 calls in the accessories label - resulting in a quick $320,000 profit.

According to CNBC "Fast Money Halftime Report" trader Jon Najarian, thousands of Kate Spade's call options were purchased at 12:23 p.m. ET Wednesday - roughly 10 minutes before headlines of a potential sale hit. A call gives the buyer an option to purchase assets at already agreed-upon price on or…