Date updated:03-25-2009
The traders highlighted some unusual options activity in a number of stocks.

-
AGN
Allergan Inc - $58.60
- -0.03%
- $58.61
Options traders are buying April 65-calls in Allergan (AGN), explains Pete Najarian. That suggests the stock could still have more upside.

-
STX
Seagate Technolog - $15.92
- +2.12%
- $15.82
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.”

-
POT
Potash Cp Saskatc - $113.78
- -0.80%
- $117.09
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.

-
NVDA
Nvidia Corporatio - $13.00
- +0.78%
- $13.08
In tech I'm watch Nvidia (NVDA) adds Pete Najarian. The options action suggests this stock could go higher.

-
SMH
Ml Semicond Hldr1 - $25.35
- +1.08%
- $25.35
Pete Najarian suggests long the Semiconductor ETF (SMH) “because the options activity has been incredible.”

-
XHB
Spdr Homebuilders - $14.76
- +1.23%
- $14.74
Options action in the SPDR S&P Homebuilders (XHB) suggests to me the homebuilders could be going higher, says Pete Najarian.

-
XLI
Industrial Spdr - $27.96
- +1.82%
- $27.81
Options action in the Industrial SPDR (XLI) suggests at least one big institutional investor sees industrials going higher, adds Pete Najarian.

-
WDC
Western Digital C - $38.15
- +2.97%
- $37.45
In tech, I think the trade is Western Digital (WDC) and Seagate (STX), says Pete Najarian. Options action suggests these stocks have more upside.
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