Najarian briefly noted heavy call activity in Energy Conversion Devices(ENER), which was up nearly 8% today. Najarian said he didn't know why it was up, although he said it might have to do with the "monster" short interest and the company's CEO pulling out unexpectedly from a scheduled conference.

Options trader Scott Nations has spotted unusual options activity in Las Vegas Sands (LVS). The volume of Jan 20 calls traded suggests this stock could make a sharp move higher. Greg Troccoli also likes the upside potential in LVS.

I’m seeing options activity in Vornado (VNO) and other REITs that suggest they may have bottomed, adds Brian Stutland of Stutland Equities.

Jon Najarian has spotted unusual options activity in BioMarin Pharma (BMRN). The volume of calls traded suggests to him that this stock could make a sharp move higher. They’re partnered with Genzyme (GENZ) so there could be some deal news coming, Najarian speculates.

Pete Najarian thinks Titanium Metals (TIE) is a buy due to unusual options activity.

I’d keep an eye on Dendreon (DNDN), says Pete Najarian. Options were absolutely on fire. Also keep an eye on Hologic (HOLX) – again for unusual options activity.

I’d keep an eye on Dendreon (DNDN), says Pete Najarian. Options were absolutely on fire. Also keep an eye on Hologic (HOLX) – again for unusual options activity.

There’s a lot of activity in the Amazon (AMZN) options, explains Mike Khouw. As volatility comes off it’s more attractive to place bets in the options market or if you're long protect your investment with puts.