Date updated:06-04-2008
The "Fast Money" traders have observed some unusual options activity in a number of stocks.

-
GT
Goodyear Tire Rub - $12.88
- +3.04%
- $12.79
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.

-
NUE
Nucor Cp - $40.46
- +2.25%
- $40.38
Also, the July 75 calls in Nucor (NUE) were very active late day Tuesday, Najarian adds. Keep an eye on that stock, too.

-
KEY
Keycorp - $6.92
- +1.47%
- $6.93
Jon Najarian observed September put activity in KeyCorp (KEY). He said that stock will probably grind lower from here.

-
BK
Bank Of Ny Mellon - $27.06
- +0.74%
- $27.06
Options volume is unusually high in two banks, explains Jon Najarian. KeyCorp (KEY) and Bank of New York Mellon (BK).

-
LEH
Leh - $0.00
- N/A
- $N/A
Pete Najarian pointed out that the traders had been observing put activity in the Financial Select Sector SPDR (XLF) and Lehman Brothers (LEH).

-
LM
Legg Mason Inc - $25.08
- +2.12%
- $24.83
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
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A. The only one I own : SLX,
too hard pick a winner out all of them
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