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Jon Najarian Spies Bullish Options Buying in Pharma, More

Friday, 18 Nov 2011 | 2:26 PM ET

Jon Najarian has spotted unusual options activity in a top pharma name and an under the radar communications company.

What does he make of it?

Pharma

According to The Option Monster, there’s been a lot of buying of the January 35 calls in Endo Pharma.

“Somebody is looking – and we have their time frame – 60 days out someone thinks there will be upside.”

Communications

Also Najarian says CenturyLink landed on his radar due to unusual call volume. “I’m a buyer of this one,” he tells us.



Eye on Technicals, HPQ Earnings
With the recent rough stretch in the market, will the selling continue? Mary Ann Bartels, BofA Merrill Lynch Global Research head of technical/market analysis, shares her thoughts. And, a look ahead of Hewlett-Packard's earnings.


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Trader disclosure: On Nov 18, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Weiss owns KO; Weiss owns HPQ; Weiss owns RIMM; Weiss owns EUO; Weiss owns WLP; Karabell owns AAPL; Karabell owns MS; Karabell owns IBM; Grasso owns AKS; Grasso owns AMR; Grasso owns ASTM; Grasso owns AVAV; Grasso owns BA; Grasso owns BAC; Grasso owns D; Grasso owns KEG; Grasso owns LIT; Grasso owns MHY; Grasso owns PFE; Grasso owns PRST; Grasso owns S; Grasso owns XLU

For Rebecca Patterson
No disclosures

For Mary Ann Bartels
No disclosures

For Zach Karabell
Rivertwice has short puts AMZN
Rivertwice is short XLF
Rivertwice is short SMH
Rivertwice owns IBM
Rivertwice is short EK

For Efraim Levy
I have no affiliation with any company I am speaking about in this interview.

I have no ownership interest in any company I am speaking about in this interview.

S&P Capital IQ’s other affiliates may provide services to the companies that are the subject of my report.

For David Shove
As to each company covered on this website, the analyst hereby certifies that the views expressed accurately reflect the analyst’s personal views about the subject securities or issuers. Each analyst also certifies that no part of the analyst’s compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

Analysts who prepared this report are compensated based upon (among other factors) the overall profitability of BMO Capital Markets and their affiliates, which includes the overall profitability of investment banking services. Compensation for research is based on effectiveness in generating new ideas and in communication of ideas to clients, performance of recommendations, accuracy of earnings estimates, and service to clients.

Analysts employed by BMO Nesbitt Burns Inc. and/or BMO Capital Markets Ltd. are not registered as research analysts with FINRA. These analysts may not be associated persons of BMO Capital Markets Corp. and therefore may not be subject to the NASD Rule 2711 and NYSE Rule 472 restrictions on communications with a subject company, public appearances and trading securities held by a research analyst account.


CNBC.com with wires.

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