The July 25 calls were extremely active in Goodyear Tire (GT) explains Pete Najarian. I think options traders are playing off GM and Ford sales. I know that sounds counter-intuitive because car sales were dismal in North America, but they were decent overseas.

Also, the July 75 calls in Nucor (NUE) were very active late day Tuesday, Najarian adds. Keep an eye on that stock, too.

Jon Najarian observed September put activity in KeyCorp (KEY). He said that stock will probably grind lower from here.

Options volume is unusually high in two banks, explains Jon Najarian. KeyCorp (KEY) and Bank of New York Mellon (BK).

Pete Najarian pointed out that the traders had been observing put activity in the Financial Select Sector SPDR (XLF) and Lehman Brothers (LEH).

I’m seeing unusual options action, reveals Pete Najarian. Traders are buying the July 45-40 put spread. That suggests this stock could go lowe