GO
Loading...

Two Possible Takeover Targets?

Tuesday, 31 Mar 2009 | 3:55 PM ET

Heavy volume in options trading has Jon Najarian speculating two companies could be new takeover targets.

And on the Fast Money Final Call theOptionMonster suggests putting two stocks on your radar – -Cliffs Natural Resources (formerly Cleveland Cliffs) and Alliant Techsystems. Following are the particulars

Cliffs Natural Resources

- Traded over 21,000 calls.
- This stock was over $120 last year and now it’s trading around $17.
- Volatility spiked.

“Speculation is floating around that Nucor is looking at a vertical integration with this company,” explains Najarian.

Alliant Techsystems

- Pop in volatility.
- 22 times normal volume in options contracts traded with April-70 calls being most active.
- The stock is $55 under it’s 52-week high.

“Raytheon is the name being thrown around as the potential buyer,” explains Najarian.

Fast Money Final Call
Two new acquisition rumors are driving activity today, with Jon Najarian, Optionmonster.com.


______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On Mar. 31st, 2009, 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 (GS), (SDS), (AAPL), (POT), (MOS), (SDS); Macke Is Short (BRK.s); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Seymour Owns (AAPL), (BAC), (FXI), (FCX), (TSO), (EEM), (TTM), (WBD); Najarian Owns (AAPL) Call Spread; Najarian Owns (BNI) Call Spread; Najarian Owns (HUM) Call Spread; Najarian Owns (MS) Call Spread; Najarian Owns (NTRS) Call Spread; Najarian Owns (PALM) & (PALM) Calls; Najarian Owns (POT) Call Spread; Najarian Owns (XHB) Call Spread; Najarian Owns (RIO) Calls; Najarian Owns (VCLK) Calls

J. Najarian Owns (AEO), (HOTT), (LULU)

CNBC.com with wires

  Price   Change %Change
ATK
---
CLF
---
NUE
---
RTN
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report