Najarian pointed out some unusual options action in the Semiconductors ETF(SMH) today. He explained that traders bought 45,000 January 25 calls on the SMH. He thinks the action is bullish for Intel(INTC), Texas Instruments(TXN) and Applied Materials(AMAT).

Najarian pointed out some unusual options action in the Semiconductors ETF(SMH) today. He explained that traders bought 45,000 January 25 calls on the SMH. He thinks the action is bullish for Intel(INTC), Texas Instruments(TXN) and Applied Materials(AMAT).

Najarian pointed out some unusual options action in the Semiconductors ETF(SMH) today. He explained that traders bought 45,000 January 25 calls on the SMH. He thinks the action is bullish for Intel(INTC), Texas Instruments(TXN) and Applied Materials(AMAT).

Najarian pointed out some unusual options action in the Semiconductors ETF(SMH) today. He explained that traders bought 45,000 January 25 calls on the SMH. He thinks the action is bullish for Intel(INTC), Texas Instruments(TXN) and Applied Materials(AMAT).

Najarian told viewers that he owns some put spreads on Wachovia(WB) because the yields and options are telling him that the risk in this stock is high.

Najarian highlighted heavy options action in Kroger(KR). He said 22,000 calls traded on the stock today with 11,000 trading on the September 30 calls. He believes the stock is heading higher.