Brian Stutland, president of Stutland Equities, said there's been a lot of options activity in United Healthcare (UNH) with a lot of short- and long-term call buying. Stutland said option traders are betting that the Obama's public plan is a dead topic and that the private sector will still be around.

On Tuesday's "Final Trade" segment, Joe Terranova said he's a buyer of puts in Google (GOOG).

On Tuesday's "Final Trade" segment, Joe Terranova said he's a buyer of puts in Google (GOOG).

Options traders are looking for a 4% move in Hewlett-Packard (HPQ) through expiration, explains Brian Stutland. The degree of put buying suggests there could be profit taking. However I also see investors saying I want to own this stock around $40.

Najarian noted a lot of put activity in Capital One (COF) as investors were looking for a pullback and were getting some of that today.

I’d play oil by selling calls on the USO (USO), said Jared Levy of Peak6. Or look at an iron condor strategy, which involves selling out an of the money put spread and an out of the money call spread.

I’m seeing options traders taking longer term bullish bets in tech, explains Jared Levy. And it’s happening everywhere from Google (GOOG) to Apple (AAPL).

I’m seeing a lot of at the money and out of the money 'call' buying in Wellpoint (WLP), Cigna (CI) and UnitedHealth (UNH) among others, reveals Mike Khouw of Cantor Fitzgerald. That’s bullish options activity.