Options traders are buying April 65-calls in Allergan (AGN), explains Pete Najarian. That suggests the stock could still have more upside.

And in addition, Najarian has his eye on Seagate (STX). He suggests options activity could signal deal making chatter. And he says, if the firm is an M&A target the “takeout price should be north of $13 double of where the stock is trading right now.”

According to Pete Najarian, volume is spiking in Potash April 90-calls, which suggests to him Potash (POT) stock could surge higher by the third week of next month.

In tech I'm watch Nvidia (NVDA) adds Pete Najarian. The options action suggests this stock could go higher.

Pete Najarian suggests long the Semiconductor ETF (SMH) “because the options activity has been incredible.”

Options action in the SPDR S&P Homebuilders (XHB) suggests to me the homebuilders could be going higher, says Pete Najarian.

Options action in the Industrial SPDR (XLI) suggests at least one big institutional investor sees industrials going higher, adds Pete Najarian.

In tech, I think the trade is Western Digital (WDC) and Seagate (STX), says Pete Najarian. Options action suggests these stocks have more upside.