OptionSIZZLE

Finsiar corp (FNSR) is a name that I have been seeing an increase of bullish option activity with traders buying out of the money calls over the last three trading sessions.

TiVo Inc.(TIVO) shares had an explosive day today with prices up $6.32 or 61.90% on a positive court ruling.

In our Elite chat room I went over exactly to our members what I was seeing In PetSmart (PETM).

Airlines are showing relative strength and a few hit new 52 week highs. Not only are the technicals look good on a few of these names, but traders with big money are making bullish bets in the options market that prices continue to march higher.

In tonight's video I go over the option action in Smith International Inc. (SII) from February 16 - February 18, 2010,  going into the Schlumberger Ltd. (SLB) announcement of a stock for stock buyout.

Here is a few trade set ups on my hit list I will be looking for next week.

The point of today's post is to show you why unusual option activity is a leading indicator of potential price move in the underlying stock. Yesterday, in our trading community in our Elite chat room, I saw large blocks of call options hit in DirecTV (DTV).

It was a nice long weekend that took me out of my trading turret early on Friday, which I had to head to Boston and then back to New York for the Moneyshow's Traders Expo on Monday. I was able to meet a lot of great new traders at the expo and talked with some great people.