TOP STORY
Bear bets on reversal in Legg Mason
lm xlf Tue 11:30 AM CT
The mutual-fund operator has risen for eight straight days, and one trader is positioning for a reversal using August contracts.


'Fast Money': Picking the right spots
c osip swn rig akam ksu aeo aapl mcd ggp Tue 10:20 PM CT
The CNBC panel says trading opportunities are still available despite low-volume days like today as the markets are sensitive to M&A potential.

WEBCAST:  No March upside
vix spx Tue 2:37 PM CT
Chris McKhann, filling in for Group One's Jamie Tyrrell, says premius are plunging on front-month VIX options as traders increasingly doubt a big move in March.

What consumer ETF put selling means
xlp Tue 11:13 AM CT
Traders are selling puts as shares of the XLP exchange-traded fund are 6 percent above the support it bounced off a month ago.

WEBCAST:  Playing GameStop
gme Tue 10:54 AM CT
Chris McKhann says one big investor is using options to profit from very specific outcomes for the video-game stock.

Health care ETF draws put buying
xlv Tue 10:21 AM CT
As the health care industry awaits its fate in Washington, and one trader is expecting the XLV exchange-traded fund to decline in the next nine months.

What patterns show on Cisco's chart
csco Tue 9:55 AM CT
Ahead of an announcement that is supposed to "revolutionize the Internet," shares of the networking giant are at an interesting technical juncture.

How bears are positioning on Lennar
len Tue 9:37 AM CT
The homebuilder has rallied 35 percent this year and is within striking distance of a new 52-week high, but one trader is looking for a reversal lower.

Cramer: The government is no Buffett
brk.a fnm fre aig met c nat Tue 9:03 AM CT
The federal government has developed a portfolio parallel to Warren Buffett's Berkshire Hathaway, though it's more Goofus than Buffett's Gallant.

Diabetes drug makers move before ruling
alks amln lly yum bkc Tue 8:08 AM CT
Amylin, Lilly, and Alkermes move ahead of FDA decision on Byetta; Yum Brands trades higher after upgrade; winter storms chill Burger King sales.

Major index levels at important juncture
ndx qqqq spx sp ^rut iwm Tue 7:07 AM CT
The test for today is how traders react to initially lower prices, as indicated by the futures: Do they attract buyers or sellers?

Futures slip with mixed foreign markets
yum znh bke zran fslr txt kr bf.b pll nsm Tue 6:58 AM CT
U.S. stock index futures are moderately lower after mostly positive trading in Asia, excluding Japan, and a down session in Eurozone and U.K. markets.

Bulls betting on more upside in RIMM
rimm aapl Tue 6:29 AM CT
The BlackBerry maker ripped higher yesterday, and option traders are positioning for the gains to continue.

WEBCAST:  Taking a pause
gs ms rimm csco aci ge vix spx Tue 6:24 AM CT
Pete says the market broke its pattern of rallying on Monday amid weakness in materials shares, however he sees signs of strength in tech, industrials and financials.

Tenet Healthcare draws bullish play
thc Tue 6:21 AM CT
One trader is making a bullish bet on the health care services company as shares are back in the middle of their recent range.

Arch Coal trade digs for more quarry
aci pcx mee Tue 6:15 AM CT
The coal producer drew upside call action yesterday as the industry continued to receive news ranging from potential takeovers to heightened demand.

Trade seeks bounce in Star Scientific
cigx Tue 6:11 AM CT
Option volume surged yesterday as the micro-cap tobacco-related stock continues to rally back from an all-time low.

Put activity surges as Palm hits new low
palm Tue 6:07 AM CT
Put volume dominated the option trading in the smartphone maker yesterday as its shares fell to a new 52-week low.

Melco Crown faces range-bound trade
mpel Tue 6:03 AM CT
The casino operator has been fighting its way back toward the $5 level, and one trader is drawing a line in the sand.