I like what’s happening with the big integrated names, said Pete Najarian. And on a side-note I’m keeping an eye on Shaw Group (SGR). Options action suggests there’s a lot of excitement in that space.

Pete Najarian has spotted some unusual options activity. He speculates that call buying in Vertex Pharma (VRTX) could mean it’s a takeover target -- with JNJ (JNJ) rumored to be sniffing around.

I’ve got my eye on Hess (HES) for options action, adds Pete Najarian. This stock really reacted violently to Monday's move in oil

For a trade I’d look at Smithfield (SFD) but not for swine flu – as a possible takeover target, said Guy Adami. There’s been a lot of options action in Smithfield, adds Pete Najarian. Adami might be onto something.

In the space I’m watching Ciena (CIEN), adds Pete Najarian. Options volume was extreme on Monday.

Najarian told viewers to look at Boyd Gaming(BYD), which is up 40% in the past five days, with 20,000 contracts traded today compared to 2,000 contracts normally.