Options Action: Big Cap Tech

One big cap tech name just landed on Brian Stutland's radar. What's he watching?

Stutland sees a trade in IBM . Get all the details. Watch the video now!




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Trader disclosure: On December 30, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Cortes is short Gold; Cortes is short Nat Gas; Cortes is short Corn; Cortes is short (LVS); Cortes is short (BCS); Cortes is short (XHB) vs. S&P; Cortes is short (XRT) vs. S&P; Cortes owns (TSN); Cortes owns (EXC); Jon Najarian owns (AAPL), is short (AAPL) calls; Jon Najarian owns (APC), is short (APC) calls; Jon Najarian owns (BBT), is short (BBT) calls; Jon Najarian owns (BBY), is short (BBY) calls; Jon Najarian owns (CSCO), is short (CSCO) calls; Jon Najarian owns (GS), is short (GS) calls; Jon Najarian owns (GM), is short (GM) calls; Jon Najarian owns (IBM), is short (IBM) calls; Jon Najarian owns (MBI), is short (MBI) calls; Jon Najarian owns (NKE), is short (NKE) calls; Jon Najarian owns (MOS), is short (REE) calls; Jon Najarian owns (MCP), is short (MCP) calls; Jon Najarian owns (REE), is short (REE) calls; Jon Najarian owns (AMR), is short (AMR) calls

BRIAN KELLY
Accounts Managed by Kanundrum Capital Own (BBT)
Accounts Managed by Kanundrum Capital Own (FCX)
Accounts Managed by Kanundrum Capital Own (GDXJ)
Accounts Managed by Kanundrum Capital Own (GLD)
Accounts Managed by Kanundrum Capital Own (JPM)
Accounts Managed by Kanundrum Capital Own (MCP)
Accounts Managed by Kanundrum Capital Own (SLV)
Accounts Managed by Kanundrum Capital Own (TBT)
Accounts Managed by Kanundrum Capital Own (WFC)
Accounts Managed by Kanundrum Capital Own (LYC.AU)
Accounts Managed by Kanundrum Capital Own USD
Accounts Managed by Kanundrum Capital Are Short The Euro

PATTY EDWARDS
Edwards owns (AAPL) for clients
Edwards owns (AMZN) for clients
Edwards owns (C) for clients
Edwards owns (F) for clients
Edwards owns (GE) for clients
Edwards owns (GS) for clients
Edwards owns (GLD) for clients
Edwards owns (MSFT) for clients
Edwards owns (NKE) for clients
Edwrads owns (SLV) for clients
Edwards owns (TGT) for clients

TODD GORDON
Gordon is long U.S. Treasuries

KEN SHUBIN STEIN
Shubin Stein And Spencer Capital Management Own (DGX), (MYGN)
Shubin Stein and Spencer Capital Management have no disclosures on LH

HENRIETTA TREYZ
Henrietta Treyz does not have disclosures

BRIAN STUTLAND
Stutland is short IBM puts

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CNBC.com with wires.