Pete Najarian has spotted unusual options activity in Mylan Labs (MYL). The large number of September 15 calls trading suggests that options investors are betting the stock could make a significant move higher, Najarian explains.

Pete Najarian has spotted unusual options action in Western Digital (WDC). The volume of August calls trading suggests to Najarian that this stock could soon move sharply higher.

In the final trades segment on Tuesday, Karen Finerman said she is a buyer of Whole Foods puts (WFMI) ahead of earnings.

I think the move in the market is just profit taking, counsels Pete Najarian. We had a big whoosh to the upside so I’m not concerned by the pullback. Bank of America (BAC) and Citigroup (C) are two of the most active names being traded on the options market and investors are betting these stocks go higher.

I think the move in the market is just profit taking, counsels Pete Najarian. We had a big whoosh to the upside so I’m not concerned by the pullback. Bank of America (BAC) and Citigroup (C) are two of the most active names being traded on the options market and investors are betting these stocks go higher.

With concerns of reform weighing on healthcare stocks, Scott Nations of NationShrares recommends an options trade. “With Pfizer (PFE) at $16.50, I’m a buyer of the Pfizer $15 call,” he says.

Burlington Northern (BNI) reports after the bell Thursday. Should you buy? Options traders are predicting a 4% move in the stock, explains Brian Stutland of Stutland Equities. If it gaps up more than 4% I’d get in.