Pete Najarian has spotted unusual options activity in McAfee (MFE). The volume of August 45 calls that traded today suggests to him the stock could make a significant move higher.

If you're looking for a play in the near term, options action suggests big moves in either direction for Google (GOOG) and IBM (IBM), adds Scott Nations of NationsShares. The options market is pricing in a 5% +/- move for Google and a 4% +/- move for IBM.

If you're looking for a play in the near term, options action suggests big moves in either direction for Google (GOOG) and IBM (IBM), adds Scott Nations of NationsShares. The options market is pricing in a 5% +/- move for Google and a 4% +/- move for IBM.

If you're looking for a play in the near term, options action suggests big moves in either direction for Google (GOOG) and IBM (IBM), adds Scott Nations of NationsShares. The options market is pricing in a 5% +/- move for Google and a 4% +/- move for IBM.

Najarian said he noticed huge call volume today in Suntrust Banks(STI).

In the options market, I’m seeing out of the money call buying in the XLF (XLF), adds JJ Kinahan of Think of Swim. I think Goldman has given hope to investors that maybe banks can beat expectations and that the markets are functioning as they should.

I’m long into Meredith Whitney’s call, reveals OptionMoster Jon Najarian. But I’m planning to take profits. However, I am seeing strong call activity that suggests the stock could pop as much as 10% in the after hours.

Jon Najarian has spotted unusual options activity in Netapp (NTAP). He tells the panel that unusually heavy call buying in both the July & Aug calls suggest to him that big investors are betting this stock goes higher and he’s long.