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For a ‘tell’ Pete Najarian suggests keeping an eye on the Vix. “There’s not a big spike in the Vix,” right now he explains. “If it gets above 17 that’s concerning but we’re not seeing that right now.” That suggests that investors are not terribly nervous about these developments.Strategic investor Dennis Gartman however in on the other side; he is concerned by these developments. "The fact that the commentary comes from the Israel's foreign minister makes it quite serious, he says." If you're looking for a trading idea, he thinks developments are supportive to oil and he's a buyer of any weakness.Joe Terranova thinks geo-political tensions in the Middle East are bullish for Canada, which is also a major oil producing nation. He suggests long positions in two Calgary-based companies Suncor or Canadian Natural Resources. “Or go long the FXC – the Canadian dollar,” he says.If you're looking to play the space, Pete Najarian suggests keeping an eye on oil services. He says options investors are “rolling up February upside OIH calls and rolling them into the March 170 calls.” Najarian also suggests looking at Halliburton and Diamond Offshore – names that he says "are really working."JJ Kinahan suggests playing oil with some of the majors.
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