Kelly disagreed, saying shares of Apple seem most likely to trade up to $100 before selling off to $85. Najarian disagreed about stock being in nosebleed levels, arguing options buyers are purchasing a lot of calls and are looking for continue upside for several months.
Keurig Green Mountain (GMCR) closed higher by 8% on no apparent news. Najarian pointed out the mysterious call buying activity in the June 13th weekly $120 call options.
Grasso said investors who are long eBay (EBAY) should use $48 as their stop-loss.
Humana (HUM) popped 2% and was the first stock on the show's "Pops & Drops" segment. "I think it goes higher," Najarian said.Unilever (UL) fell 1%. Seymour called it "one of the best global food companies," but said management appears to lack focus right now. Arista Networks (ANET) soared 28% in its public trading debut. Grasso reasoned that investors in the stock are likely safe for now but questioned the rather lofty valuation. Gap GPS climbed 2% after announcing that same-store sales increased 4% for the month of May. Kelly suggested Gap's positive results might have taken market share from Lululemon Athletica (LULU). Najarian pointed out the bullish options activity in shares of Ford (F). Specifically, a trader sold a long position of 45,000 September $17 call options and purchased 45,000 September $18 call options in a move looking for additional upside. Rumors are beginning to circulate that Ford's soon-to-be ex-CEO, Alan Mulally, might be headed to Sears Holdings (SHLD) in an attempt to turn around the struggling retailer. Kelly was not sure about that idea, saying that even good operators in retail have been struggling lately -- meaning that turning around an already poor performing company would be that much harder. Seymour agreed with Kelly, questioning if it would make sense to bring in a CEO with a background largely in manufacturing in an attempt to solve a "major retail conundrum." For their final trades, Seymour is a buyer Total S.A. (TOT) and Najarian is buying EPI. Kelly is a buyer of Control4 (CTRL) and Grasso is buying KBH.
-- Written by Bret Kenwell in Petoskey, Mich.
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