Fast Money's Options Plays-3
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Created by barrons2
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Date updated:09-04-2008

The traders highlighted a number of options trading opportunities.

symbol name last price % change open
  • +
  • FTO
    Frontier Oil Cp
  • $12.32
  • +0.49%
  • $12.22

The volume of options trading suggests to Pete that this stock could go higher. Specfically, he thinks margins could improve due to lower oil prices.

People owning FTO also tend to own: CROXDDREVRFLANEMPDKDKN.OB

TheStreet.com Rating: C What is this?

  • +
  • LMT
    Lockheed Martin C
  • $76.10
  • +1.09%
  • $74.92

The options action in Lockheed Martin (LMT) suggests to me that this stock could go higher, explains Pete Najarian.

People owning LMT also tend to own: AIGALLBACCCATCBSCOP

TheStreet.com Rating: B- What is this?

  • +
  • AAPL
    Apple Inc.
  • $199.92
  • -0.29%
  • $198.33

I bought some Apple (AAPL) calls on Tuesday, says Karen Finerman. I think they could see some strength in the back-to-school season.

People owning AAPL also tend to own: AMDCSCODELLGOOGIBMINTCMSFT

TheStreet.com Rating: B+ What is this?

  • +
  • LXK
    Lexmark Intl Inc
  • $25.28
  • -0.86%
  • $25.42

The volume in the September-40 calls suggests that this stock could go higher, says Najarian.

People owning LXK also tend to own: APOLBIIBBRK-BDELLELOSSAFMSGTL

TheStreet.com Rating: C What is this?

  • +
  • XLF
    Financial Sel Spd
  • $14.60
  • -0.61%
  • $14.57

Typically that would be seen as a bullish sign; that investors were laying down bets on a recovery in the sector hit hardest by the year-old credit crisis. Yet some option experts cautioned against taking that activity at face value because a hefty portion of that volume came from traders selling near-term call positions, a trade that may well be a bet on more trouble ahead for banks, brokers and insurance companies.

People owning XLF also tend to own: AAPLEWZGLDQQQQRIOXMEIGW

TheStreet.com Rating: No Rating What is this?

  • +
  • WFC
    Wells Fargo & Co
  • $27.87
  • -1.59%
  • $28.21

Increased volume in the October 34 calls suggests to Najarian Wells Fargo (WFC) could go higher.

People owning WFC also tend to own: ACEBACCCBCOPCVXDIS

TheStreet.com Rating: C What is this?

  • +
  • UNG
    Us Nat Gas Fd Etf
  • $8.99
  • 0.00%
  • $N/A

In energy I’m long the United States Natural Gas Fund (UNG)but way out in April with bull call spreads.

People owning UNG also tend to own: BHPEWMEWSFXAFXBFXCGLD

TheStreet.com Rating: No Rating What is this?

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