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Crazy Options Action

What are the best trades amid crazy options action and surging volatility in two widely held companies?

Pete Najarian reveals to the panel that he’s seeing extensive options contracts trading in two companies; Honeywell and Omnivision Technologies.

Honeywell

The volume of call activity suggests to Pete that this stock could go higher.

Omnivision Technologies

The options action seems bullish to Pete. He sees a lot of traders buying the June 20th calls.

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Trader disclosure: On Mar.25, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (YHOO), (INTC); Najarian Owns (AAPL), (CSCO), (ETFC), (MS), (MSFT), (NOK), (TSO), (XLF), (YHOO); Najarian Owns (COP) Calls, (BSC) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (MO), (MO-W),(MSFT), (PM-WI), (TSO), (VLO), (YHOO), (SUN), (AAPL); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY), (COF); Seymour Owns (AAPL), (BX), (CSCO), (DELL), (F), (INTC), (MER), (TMA), (TSO); Seygem Asset Management Owns (IBN), (CX) (TTM); Charles Schwab Is A Sponsor Of "Fast Money"; NBC Universal Is The Parent Company Of CNBC

Symbol
Price
 
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HON
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OVTI
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