Trade Options 'Like an Insider' (Legally)

You can legally trade options "like an insider" -- if you stay alert and watch market momentum. Jon Najarian, co-founder of and frequent guest on CNBC's "Fast Money," offered his wisdom on how to play -- and which options look the hottest right now.

Options Action
Options Action   

Najarian said options buyers are constantly "catching falling knives" and risking downward stock movement to seize opportunities. One tip-off for investors: "Watch unusual buying going into the weekend."

Najarian noted interest in biotechnology firm Amgen, with traders "buying aggressively for an April timeframe."

He named AFML, a Netherlands-based chip maker, which has seen heavy put options -- for both January and April.

He likes Newmont Mining, an "aggressive buy" at a March call strike. The gold miner's stock has dropped $10 and "the dollar rally hurt them," he noted -- making for opportunity.