Options-Driven Buy Opportunities

Today's look at the options close was more muted, and you are seeing the reaction. I would love to attribute the turn to something fundamental -- like the GE (GE - commentary - Cramer's Take) layoffs -- instead there is a sense that the buying will be less robust and the stocks that are between strikes might not book higher.

I believe that's an opportunity for some of the stronger stocks to be bought. I like this Boeing (BA - commentary - Cramer's Take) so much that I believe this is a moment, down a buck, where you might want to put some on.

I feel the same way about Sears (SHLD - commentary - Cramer's Take), which is endlessly getting pinned and I think will be pinned to the $190 level, particularly if one of the Sears analysts were simply to point out that the Fastenal (FAST - commentary - Cramer's Take) use of Craftsman is precisely what Eddie Lampert's monetization of the brand could entail.

I also like the drillers right there now that the Oil Service Holders Trust (OIH - commentary - Cramer's Take) has been reduced to $150, where I think the pressure from the index is now over.

Watch tonight. If our market shrugs off China, I have to believe we could get a worldwide rally tonight. My favorite play off that remains Toyota (TM - commentary - Cramer's Take), which got us agonizingly close to the April 125 strike that I have been adamant will be touched and eclipsed tonight. It could be that 40 cents gets you in that game. On a related Toyota note, Tony Cresenzi just wrote in a RealMoney "Columnist Conversation" post that the Nikkei futures are trading up nicely. But some of that is built in.

Random musings: I'm not happy with UnitedHealth (UNH - commentary - Cramer's Take) -- again! -- but it did buy back 16 million shares in the last three weeks of the quarter, or 1.2% of the float.

At the time of publication, Cramer was long Sears Holdings, Toyota Motor and UnitedHealth Group.

General Electric owns CNBC, for which Cramer is a featured commentator.

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Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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