Fast Money's Options Trades-1 Portfolio - Stockpickr! Your Source for Stock Ideas

Fast Money's Options Trades-1

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Created by barrons2

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Date updated:07-03-2008

The "Fast Money" traders have observed some unusual options activity in a number of stocks.

WLT
Walter Energy
$70.02
+2.10%
$68.75

Coal stocks just keep working, says Pete Najarian. Options investors are buying calls in Walter Industry (WLT)and Massey (MEE) years out. I like that activity.

People owning WLT also tend to own: AAV ABXA ADG AMAT AQR BGR BXL

TheStreet.com Rating: B- What is this?

MEE
Massey Energy Co
$38.99
+2.63%
$38.41

Coal stocks just keep working, says Pete Najarian. Options investors are buying calls in Walter Industry (WLT)and Massey (MEE) years out. I like that activity.

People owning MEE also tend to own: CLCT DENN FFEX JBSS JRCC MSFT PBY

TheStreet.com Rating: B- What is this?

HBC
Hsbc Hldgs Plc Ad
$62.07
+1.22%
$61.64

Pete Najarian now sees bearish activity in HSBC (HBC) options. I think it’s aggressive speculation, Najarian explains, that HSBC could fall apart. I’m just wonder what’s coming. I speculate that there could be writedowns ahead.

People owning HBC also tend to own: ACF BMY BRK-A BRK-B CNQ DJCO DUK

TheStreet.com Rating: No Rating What is this?

RIMM
Research In Motio
$59.76
0.00%
$N/A

I own Apple as well as upside call in RIMM, reveals Pete Najarian.

People owning RIMM also tend to own: AAPL APA AUY BP C CME COP

TheStreet.com Rating: B- What is this?

PRU
Prudential Fincl
$50.28
-0.46%
$50.81

Keep your eye on Prudential (PRU)says, Pete Najarian. Options traders are buying Sep 50 puts.

People owning PRU also tend to own: AIG ALL BAC C CAT CBS COP

TheStreet.com Rating: D+ What is this?

WM
Waste Mgmt Inc
$33.46
-0.21%
$33.64

Najarian noted that call options on Washington Mutual (WM) were extremely active today. He said the October $5 calls traded over 5000 the normal volume.

People owning WM also tend to own: DLS DOW DVY GE INTC MAT UST

TheStreet.com Rating: B- What is this?

SNDK
Sandisk Corporati
$20.31
+2.47%
$19.95

If you’re looking for a tech trade look at SanDisk (SNDK), Najarian says. Option action suggests it could go higher.

People owning SNDK also tend to own: AIRN AUY EFII FXI HL KGC SPN

TheStreet.com Rating: D What is this?

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