4 trades on popping technology stocks

Investors looking to jump into Tesla Motors should buy options to protect against the stock's volatility, CNBC "Fast Money" trader Pete Najarian said.

"Those that want to play in this name, I would far more encourage them to do it through options than in the stock itself," Najarian said on Monday.

Tesla shares closed nearly 4 percent higher on Monday after CEO Elon Musk tweeted that the electric car maker is addressing battery issues in its Model S car. In the two previous trading days, Tesla shed more than 5 percent total.

Read MoreMusk: I don't tweet to inflate Tesla shares

Considering price fluctuations, Najarian said he would stay away from a stock buy.

Tesla showroom
Scott Mlyn | CNBC

Baidu—another recently volatile stock—has shown "impressive" signs, said trader Tim Seymour. The Chinese Internet company climbed about half a percent on Monday.

"Don't run out wholesale on Chinese Internets," Seymour said.

Read MoreWhat slowdown? Chinese firms most upbeat in a year

Oracle jumped nearly 2.5 percent on Monday ahead of reporting quarterly results on Tuesday. The computing company looks "interesting" ahead of its earnings, said trader Guy Adami.

Adami also looked at Palo Alto Networks, which moved about 2 percent higher on Monday.


Tim Seymour

Tim Seymour is long T, BAC, C, DIS, FEYE, F, GE, GM, GOOGL, INTC, EWZ, PBR, SCTY and SUNE. Tim's firm is long BABA, AVP, BIDU, MCD, NKE, NOK, SINA, SBUX and WB.

Pete Najarian

Pete Najarian is long AMAT, BABA, BAC, BMY, BP, CSX, DISCA, FOXA, GE, KKR, KO, LLY, LOCO, MRK, PEP and PFE. He is long calls AAL, AAPL, AMD, BABA, BAC, BK, CAM, CDW, CLR, COP, DAL, FB, FEYE, GE, GM, GRPN, GS, GT, HCP, HPQ, IAG, JPM, KO, KNDI, KRFT, LYB, MSFT, NEE, PEP, RF, RIG, SPY, SYY, TEVA, UAL, UFS, UNH, WFC, WMB, XLNX and XOM. He is long puts BHP. Today, he bought HCP calls, XLNX calls.

Dan Nathan

Dan Nathan is long BBRY June call spread, CTRP March puts, IBB April put spread, M April May call calendar, JPM April 60/55 put spread, QQQ May 108/98 put spread, SHAK, TWTR, XHB April 35/32 put spread and XRT March 90/85 put spread. Today, he bought M April May call calendar.

Guy Adami

Guy Adami is long CELG, EXAS and INTC. Guy Adami's wife, Linda Snow, works at Merck.