Bulls Target Vale, Dress Barn: Options Recap

OptionMonster co-founder Pete Najarian provides options picks Monday, Wednesday and Friday in TheStreet.com's Deep in the Money Calls newsletter.

David Russell, reporter for OptionMonster.

NEW YORK (TheStreet) -- Call buyers stake a claim in St. Joe(JOE Quote): The Florida land developer began the session down 18% since mid-September, and buyers are now staking a claim in the name.

Intersil(ISIL Quote) developing bearish pattern: A very obvious bearish pattern is developing on the circuit maker's daily chart ahead of its earnings release after the close.

Extra year of insurance sold on Fifth Third(FITB Quote): One big investor is apparently confident in the beaten-down lender and sells an additional year of protection ahead of its earnings report.

Dress Barn(DBRN Quote) opens doors to bulls: The bulls are stampeding into the retail clothing chain, snapping up shares and calls in the heavily shorted name.

Bulls digging deeper into Vale(VALE Quote): Shares are up more than 200% from a year ago, and the options action continues to be bullish on the Brazilian metals and mining company.

Volatility index plummets toward 20: The October VIX settlement comes in under 21 as the index continues its apparent free-fall. The spot reading is down 3.35% to 20.20.

Raising speculation to an art form: The qualities and rules that aid in trading success appear to be timeless, as is clearly pointed out in "Speculation as a Fine Art and Thoughts on Life."

DRJ sees evidence of recovery: From the crowded lots at O'Hare to the dramatic rise in hotel rates in New York City, Jon says you don't have to be an economist to see a recovery is indeed taking hold.

Wednesday Pre-Market:

Is rotation out of indexes on the way?: It is entirely possible that we could see a rotation out of indexes and into the best-performing individual stocks. That, in fact, is how indexes fail at ends of bull runs.