Jon Najarian Gives Options Picks Of The Day

CNBC and Fast Money contributor Jon Najarian gave a few of his favorite options plays for the day. Jon was a fan of ArcSight ARST on the take over big from HP this morning. HE felt that there could potentially be higher bids as in the 3Par bidding war with Dell. He also likes SunTrust STI bank on take over speculation that it may be a takeover target by larger more national banks like a PNC PNC among others. His favorite play was Red Hat RHT as it was upgraded by Goldman Sachs GS today. Options contracts were high as there has also been some takeover chatter says Jon. RHT closed up about 4% today STI closed up about 3% today ARST closed up about 25% today