Options action suggests that investors expect Goldman and Citi to cut dividends substantially, reveals Tim Seymour.

Options action suggests that investors expect Goldman and Citi to cut dividends substantially, reveals Tim Seymour.

Unusual options action in Titanium Metals (TIE) suggests to Pete Najarian this stock could soon move higher. As planes need to get lighter I think titanium demand will increase, says Tim Seymour. I like this stock.

Najarian said that Nokia (NOK) will do well as it penetrates the U.S. market. Options action in the June 28 calls suggests this stock could go higher.

Najarian pointed out heavy call activity in GameStop (GME). The options expire soon, he said, so someone is expecting the stock to climb fast. Macke said he doubts GameStop will pop. He recommended viewers get out of GameStop, because the cycle in video games has already peaked

Options action suggests to me that Hewlett Packard will continue to climb higher over the next 6 weeks, says Pete Najarian.

The put buying in Lehman and the XLF exploded on Wednesday, adds Pete Najarian. The financials have a broken wheel and there’s no need to buy this train.

I’d still recommend being short MBIA (MBI) and Washington Mutual (WM) because the options action suggests these stocks could still move lower.