By Pete Najarian, co-founder of OptionMonsterFORT WORTH, Texas ( TheStreet) -- I haven't seen a Pier 1 Imports ( PIR) store for years and have never been in one, but the stock made its way onto my radar screen Wednesday. The home-furnishings retailer dipped early, then came off the lows and started rallying, with more than 2,500 February 10 calls trading in a strong buying pattern, going for 40 cents to 45 cents in a few sizable blocks, according OptionMonster's real-time tracking systems. Pier 1 ended the session up 4.49% to $10. The stock has rebounded from a drop earlier in January that brought it near its 100-day moving average, though the 50-day line is still looming overhead. For the calls bought Wednesday to turn a profit, the stock would need to gain roughly 4.5% before they expire on Feb. 18. Short interest was around 11% at the end of December, so the squeeze factor does play into the move. The company had a good run up to the holidays, with strong earnings and revenue in the quarter that ended Nov. 27. Volume wasn't huge Wednesday -- some 2,669 contracts -- but that was still 32 times greater than average. Calls also accounted for more than 99% of the activity, another bullish indication. Najarian has no positions in PIR.