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Tire Swing


Pete Najarian noticied bullish options action in Goodyear Tuesday even as shares fell 3%. What’s going on?

The July 25 calls were extremely active in Goodyear Tire , explains Pete Najarian. I think options traders are playing off GM and Ford sales. I know that sounds counter-intuitive because car sales were dismal in North America, but they were decent overseas.

Also, the July 75 calls in Nucorwere very active late day Tuesday, Najarian adds. Keep an eye on that stock, too.


















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Trader disclosure: On June 3, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (INTC), (MSFT), (WMT); Najarian Owns (HK), (AAPL), (BHI), (HD), (TSO), (XLF), (XTO); Najarian Owns (LEH) Puts; Finerman Owns (GS); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns SPX Index Puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns (AET), (AAPL), (MO), (MSFT), (SUN), (TSO), (VLO)’ Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM)