M&A Watch w/ Jon Najarian

Tuesday, 7 Apr 2009 | 3:51 PM ET

Which companies are looking like top takeover targets, right now? Jon Najarian has spotted hot options action in three stocks!

Here’s what’s on his radar!


- big investors are buying the April-55 calls
- huge volume day; typically it trades about 7300 contracts so far selling over 70,000
- market rumor suggest a deal could be announced within the next few days.

Coventry Health

- up a little over 20% in the past 2 weeks
- rumored to be takeover target pursued by UNH


- big investors are buying expiring calls in the front month
- market rumors suggest company could spin off Cessna

What's the bottom line? Since these are all M&A plays Najarian says you have to be quick. If and when the speculation appears to be unfounded these stocks could fall in a hurry.

Fast Money Final Call
Hunting for deals, with Fast Money's Jon Najarian.

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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

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  • 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

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