Wall Street is swirling with M&A chatter but is it believable? Pete Najarian reveals what’s got his attention.
Allegheny Technologies
Options investors are buying the April 85 calls, explains Najarian. I think the company could well be a takeover target.
Evergreen Solar
Options investors are snapping up the April 10 and April 12.5 calls; they were were very active. I think there’s great legislative tailwind for the solar stocks.
Petrohawk Energy
Option investors are buying the May 22 calls. I think this is another takeover target, Najarian speculates.
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Trader disclosure: On Apr.4, 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), (MSFT), (INTC), (DIS); Najarian Owns (AAPL), (YHOO), (ENER); Najarian Owns (MER) Puts, (LEH) Puts; Najarian Owns (BSC) Calls, (MSFT) Calls, (MAR) Calls, (ESLR) Calls; Finerman Owns (HD), (LOW), (CROX); Finerman's Firm Owns (GS), (YHOO), (MSFT), (WMT), (HD), (CROX), (MO); Finerman's Firm Is Short (IYR), (IJR), (IWM), (SPY); Najarian Owns (AAPL), (YHOO), (ENER); Najarian Owns (MER) Puts, (LEH) Puts; Najarian Owns (BSC) Calls, (MSFT) Calls, (MAR) Calls, (ESLR) Calls
