Pete Najarian mentioend that he has noticed heavy options activy in Huntsman (HUN).

There’s huge put trading in Las Vegas Sands (LVS) explains Pete Najarian. I think it’s investors seeking protection because the stock looks to me like it's way ahead of itself.

I think an investor could play Yahoo! with options, says Pete Najarian. If you think there’s a chance Microsoft will increase their bid, then put-on a call spread.

“I see hedging in the Quad Q (QQQQ) into September,” he says on CNBC’s “Closing Bell”. Jon believes the action could be decidedly bullish for tech, overall. "That suggests to me that tech investors who needed to cover already have," says Najarian. As a result, I’m not looking for extraordinary moves to the downside. I think Friday’s slide in tech could be it!”