Despite underwhelming guidance, Priceline.com's international prospects drove the stock higher Friday and overseas expansion will be a key focus of investment for the company, President and CEO Jeffery Boyd told CNBC on Friday.

"We were able to maintain robust international growth in our franchise business, and that's really what drives the franchise moving forward," Boyd told "Squawk on the Street."

"We think we're in a very attractive space and we think we have got the resources and the talent to aggressively expand."

Frontline has been falling for the last three years, but the bulls took the helm on Friday.

OptionMonster's monitoring systems detected heavy call volume in the oil-tanker company, with some 2,700 of the June 2 contracts purchased against previous open interest of just 205. Premiums started at $0.15 and then doubled to $0.30 as the shares advanced.

Calls lock in the price where investors can buy stock, and they can deliver significant leverage because they're so cheap to buy. Traders often uses them to keep a trade from running away from them while reducing the amount of capital at risk.

During the week of May 13, Applied Materials, Brocade and Cisco report. All three are dividend payers, they each possess market-moving potential, but not all three are buys. In a high-unemployment economy, Cisco continues to benefit from business' investment in efficiency. Applied Materials struggles under the weight of cheap energy. Analysts expect little change in Brocade's year-over-year results.

Don't forget that as the reporting date nears, option premium typically increases, making it difficult to profit from buying options. Instead, look to sell premium through covered calls and credit spreads. All else being equal, credit spreads can provide hedging opportunities while also allowing investors to benefit from the increased option premium.

Springtime means the official start of wedding season, that glorious spell extending roughly from April to October when beaming brides-to-be get a shine in their eye for all things wedding-related.

Market research specialist IBISWorld puts the size of the wedding industry and related services at a whopping $50.6 billion. As consumers expand their disposable incomes again, the wedding industry is expected to grow by 2.3 percent over the next five years, IBISWorld forecasts.

From dresses to engagement rings, to household registries and honeymoon vacations, this means big business for the companies that cater to this industry, fostered by shows like Say Yes to the Dress on Discovery Communications' TLC channel and Pinterest wedding boards (a growing number of single females are even creating "secret" boards dedicated to weddings and baby).

Materials have lagged all year, but one option trader is betting that the sector will go from worst to first.

OptionMonster's monitoring programs detected unusual activity in the Materials Select Sector SPDR Fund yesterday, with some 14,000 June 42 calls bought for $0.20 and $0.21. Volume surpassed the strike's previous open interest of 9,730 contracts, indicating that new positions were initiated.

Calls lock in the price where shares can be purchased in the exchange-traded fund, whose big members include Monsanto and DuPont. Because they are relatively inexpensive, the options can generate significant leverage on a small move in the stock. For instance, those June 42s will return more than 800 percent if shares advance just 10 percent in the next 7-1/2 weeks.

ConAgra Foods has been dead in the water for the last month, and yesterday the bears stepped in.

OptionMonster's tracking programs detected heavy buying in the May 35 puts, with large blocks initially pricing for $0.15. Volume continued to build, ending the session at almost 11,300 contracts—more than 18 times previous open interest at the strike.

Puts lock in the price where shares can be sold in the food company, which gives them a strong inverse correlation. They can also generate significant leverage from even a small drop in the share price.

With the market rally pushing stocks ever higher, short sellers are being squeezed, even in names that many had left for dead. CNBC's Jim Cramer outlined why four underloved names are now dangerous for those betting on a drop.

Perhaps the poster child of beat-down stocks, Groupon has gone from "a darling to a dog to a dead dog. It's now back to being a dog," Cramer said Thursday on "Squawk on the Street."

Coal miners dominated yesterday's market gains, and bulls clambered for exposure to Peabody Energy.

OptionMonster's market scanners detected huge volume in the St. Louis-based company, with more than 36,000 contracts changing hands. That was almost quadruple its daily average.

The first big trade that caught our attention entailed the purchase of 2,500 January 25 calls for $1.32 and the sale of an equal number of January 19 puts for $1.92. Owning calls locks in the price where shares can be sold, while selling puts can make money if the stock climbs or holds its ground.

The stars of the latest Disney quarter were ESPN and the theme parks, but Wall Street analysts are divided on where the stock will go from here after a 30 percent surge so far this year.

"The whole TV network group is a great group right now," said Barton Crockett, an analyst at Lazard Capital Markets. "You've got a lot of secular strength. These guys are able to get paid a lot more for their content."

Disney's strategy has been to use its content and big brands, such as Iron Man, across the entire business, including theme parks and toys.

Investors are abandoning the solar manufacturing sector, but the solar game is far from over, according to one analyst.

"There will be a resurgence" of solar after a manufacturing shakeout, Jason Channell, director of investment research and analysis at Citigroup, told CNBC. But "we think the next boom is coming from the storage area," he said. "This is what we are the most excited about at the moment."

Solar's trajectory has stalled, largely because growth was driven by subsidies that are now being withdrawn as governments tackle budget deficits.