Fast Money's Options Trades-4
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Created by barrons2
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Date updated:07-31-2008

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

symbol name last price % change open
  • +
  • XLY
    Consumer Dis Ss S
  • $28.10
  • 0.00%
  • $N/A

A big institutional buyer bought calls in this ETF on Tuesday, Najarian reveals, which suggests the whole sector could soon go higher.

People owning XLY also tend to own: AMDAMGCHSCSCODDDUKDWA

TheStreet.com Rating: No Rating What is this?

  • +
  • XLF
    Financial Sel Spd
  • $14.31
  • -0.42%
  • $14.13

The traders discussed ways to play the news that Merrill Lynch (MER) plans to sell a large amount of its asset-backed securites and issue new stock to raise $8.5 billion. I’d buy puts on the Financial Select Sector SPDR (XLF) or I’d get long the ProShares UltraShort Financials ProShs (SKF) said Pete Najarian.

People owning XLF also tend to own: AAPLEWZGLDQQQQRIOXMEIGW

TheStreet.com Rating: No Rating What is this?

  • +
  • SLW
    Silver Wheaton Co
  • $14.03
  • +0.07%
  • $14.02

Options action in this name suggests the stock could move higher in September, explains Pete Najarian.

People owning SLW also tend to own: CTSHDILGDIHBIOKIMSPARBRK-B

TheStreet.com Rating: C What is this?

  • +
  • EMC
    E M C Cp
  • $16.73
  • -0.48%
  • $16.70

The buyers are institutional size buyers, adds Pete Najarian. There were massive orders coming in. I think there’s something going on, Najarian adds. Someone believes the price will be heading north sometime soon!

People owning EMC also tend to own: ATVICCJCELGCRZODSXDVNGDX

TheStreet.com Rating: B What is this?

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