Bulls Betting on This Home-Improvement Stock
Masco dropped on weak results in February, but the bulls still want to believe in the home-improvement stock.

More than 7,000 April 14 contracts were bought for $0.35 and $0.40, according to OptionMonster's real-time tracking systems. That was still below open interest and therefore could have been opening or closing previous positions, but overall volume at all strikes was 13 times greater than average with calls accounting for more than 90 percent of the total.

The May 15s also saw sizable volume of more than 2,600 calls, with a large block pricing for $0.40. And the May 14s changed hands more than 1,300 times, with large trades pricing for $0.75 and $0.80.

The stock attempted to rally late yesterday (Tuesday) afternoon, but ended the session down 0.72 percent to $13.81. (See ticker for latest quote.)

Masco makes a series of products such as Behr paint and Bristan faucets.

The company saw bullish option positioning early last month, but then fell after a bad earnings report on Feb. 15. The shares traded down to their 100-day moving average around $12.50 later in the month but have been working higher since and are now back above their 50-day moving average.

Disclosures:

Najarian has no positions in MAS.

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Pete Najarian is a professional investor, CNBC contributor, regular co-host of CNBC's "Fast Money" and co-founder of OptionMonster.com.

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