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Options Action: Merger Madness

Thursday, 19 Aug 2010 | 6:03 PM ET

For Thursday's Options Action, Brian Stutland of Stutland Equities is focusing on a stock that has seen a lot of activity on the premise that it could soon be acquired.

"Option traders on the trading floor the last couple days have been clamoring to buy upside calls in US Steel ," said Stutland.

***BRIAN'S X TRADE****
Buy Sep. 45 call for $4.50
Sell Sep. 55 call for $1.25

To learn more about this trade, watch the video now!

Options Action
U.S. steel might be the call to ride takeover activity, with Brian Stutland, Stutland Equities.



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Trader disclosures for Aug. 19, 2010:

Tim Seymour
Seymour owns (AAPL)
Seymour owns (BAC)
Seymour owns (F)
Seymour owns (INTC)
Seymour owns (MSFT)

Guy Adami
Adami owns (AGU)
Adami owns (BTU)
Adami owns (NUE)
Adami owns (C)
Adami owns (GS)
Adami owns (INTC)
Adami owns (MSFT)
Adami’s wife works at Merck

Brian Kelly
Accounts managed by Kanundrum Capital own (RIMM)
Accounts managed by Kanundrum Capital own (GLD)
Accounts managed by Kanundrum Capital own (GDXJ)
Accounts managed by Kanundrum Capital own (ANDE)
Accounts managed by Kanundrum Capital own U.S. Dollar
Accounts managed by Kanundrum Capital own Japanese Yen
Accounts managed by Kanundrum Capital own Swiss Franc
Accounts managed by Kanundrum Capital is short (AFL)
Accounts managed by Kanundrum Capital is short (IAI)
Accounts managed by Kanundrum Capital is short (RTH)
Accounts managed by Kanundrum Capital is short the U.K. Pound
Accounts managed by Kanundrum Capital is short (MCO)

Joe Terranova
Terranova owns (V)
Terranova owns (NRG)
Terranova owns (POT)
Terranova owns (OXY)
Terranova owns (GLD)
Terranova owns (BAX)
Terranova owns (PFE)
Terranova owns (SU)
Terranova owns (XBI)
Terranova owns (GOOG)
Terranova owns (LRCX)
Terranova owns (AXP)
Terranova owns (C)
Terranova owns (GS)
Terranova owns (BMO)
Terranova owns (MSFT)
Terranova owns (FCX)
Terranova owns (APA)
Terranova owns (TBT)

Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners own more than 1% of (ABAX)
Virtus Investment Partners own more than 1% of (ALK)
Virtus Investment Partners own more than 1% of (AMKR)
Virtus Investment Partners own more than 1% of (CASS)
Virtus Investment Partners own more than 1% of (CSVI)
Virtus Investment Partners own more than 1% of (XLY)
Virtus Investment Partners own more than 1% of (XLP)
Virtus Investment Partners own more than 1% of (DRYS)
Virtus Investment Partners own more than 1% of (EXR)
Virtus Investment Partners own more than 1% of (XLI)
Virtus Investment Partners own more than 1% of (IGE)
Virtus Investment Partners own more than 1% of (LDR)
Virtus Investment Partners own more than 1% of (LPHI)
Virtus Investment Partners own more than 1% of (XLB)
Virtus Investment Partners own more than 1% of (MGRC)
Virtus Investment Partners own more than 1% of (NRCI)
Virtus Investment Partners own more than 1% of (DBV)
Virtus Investment Partners own more than 1% of (SUBK)
Virtus Investment Partners own more than 1% of (XLK)
Virtus Investment Partners own more than 1% of (XLU)
Virtus Investment Partners own more than 1% of (WDFC)
Virtus Investment Partners own more than 1% of (YDNT)

Peter Boockvar
***No Disclosures***

Brent Thill
The U.S. equity strategist, a member of his team, or one of their household members has a long common stock position in Microsoft Corp.

The U.S. equity strategist, a member of his team, or one of their household members has a long common stock position in Oracle Corporation.

This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and investment banking services are being, or have been, provided.: Microsoft, Symantec

This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and non-investment banking securities-related services are being, or have been, provided.: Microsoft, Symantec

This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and non-securities services are being, or have been, provided.: Microsoft

Within the past 12 months, UBS Securities LLC has received compensation from this company/entity: Microsoft, Symantec

Dan Greenhaus
***No Disclosures***

Gene Munster
Piper Jaffray makes a market in (GOOG)

Brian Stutland
***No Disclosures***

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