Date updated:02-12-2008
Jon Najarian has spotted some interesting movers popping in the options market. Find out what’s moving and why

-
FNM
Fannie Mae - $1.02
- -0.97%
- $1.01
Investors are buying puts in a big way. They’re betting the stocks breaks below 30 in the short term.

-
CNET
Cnet Networks - $0.00
- 0.00%
- $N/A
Speculation is circling Wall Street that Google might take a stake in CNET. Options buyers are snapping up the 10-strikes suggesting the stock could go to $10.

-
QQQQ
Powershares Excha - $43.44
- -0.50%
- $43.42
Options traders have sold out of the long February puts and are now buying them in March. It suggests to me, says Najarian, that they anticipate a rest from the heat in the Nasdaq.

-
ACI
Arch Coal Inc - $22.26
- -2.88%
- $22.60
watch ACI or unusual options activity.

-
ATI
Allegheny Tech Ne - $34.01
- +0.50%
- $33.39
watch ATI or unusual options activity.
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