Options action suggests to me there will be more downside for Best Buy (BBY) as well as Radio Shack [RSH], exclaims the Pit Boss.

Options action suggests to me there will be more downside for Best Buy (BBY) as well as Radio Shack [RSH], exclaims the Pit Boss.

Najarian told viewers that commodity play Archer Daniels Midland(ADM) is seeing a lot of bullish options activity.

Finerman said she bought some Google(GOOG) and sold some calls against it. Najarian told viewers to buy some puts on American Express.

Pete Najarian likes MBIA [MBI] puts because he thinks the stock is going lower.

Najarian said “hats off” to Meredith Whitney, managing director at Oppenheimer for saying that Citigroup could go into the single digits. He says “the one to keep an eye on is American Express (AXP), which is seeing an amazing amount of put options activity.”

Najarian said he saw enormous amounts of activity in the November options for the Energy Select Sector SPDR (XLE).