The Avis Budget Group (CAR) has seen people rolling out of November options and into December options, with an over 400% increase in buying activity for December calls. Najarian sees this as investors looking for increased upside over the next few weeks.

Stutland says the options pits are pretty optimistic on Amazon (AMZN). I think you could still play it to the upside. He got long for some of his investors before the last earnings. At least there's a floor on this stock and I think it should hold here, he says.

Jared Levy of Peak6 Investments thinks that the financials may be at risk for a pullback, simply because the reality of Washington's role in financial regulation basically is up in the air. He points out that financials had led us out of the recession, but there is still big options action surrounding the financial index (XLF) on downside puts, trading up 40,000 times with investors hedging against downside risk. Levy's point is that if new regulation throws a "monkey wrench" into the works of the financial industry, the sector is at risk for some downside movement, although upside potential remains.

Jon Najarian is seeing some interesting options action in Palm (PALM), which suggests the stock could head higher.