Options Recap: Bulls Target TiVo

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

David Russell, reporter for OptionMonster.

Below is a compilation of some important stories that ran yesterday on OptionMonster.com. OptionMonster uses advanced monitoring systems to detect trading patterns by large institutional traders and retail investors.

Paccar(PCAR Quote) faces bearish trade: The truck maker's put volume surged as some traders position for the stock to decline. More than 32,000 puts change hands, or eight times the average turnover.

Traders bet on Tyco Electronics(TEL Quote): The electronics and engineering company is down, but options traders are betting on a turnaround in coming weeks.

Industrial ETF draws heavy put activity: Options traders are showing that they don't believe industrial stocks will continue the nice, steady uptrend established in recent weeks.

Options bullish as TiVo(TIVO Quote) tries to break out: Shares of the digital video recording company are trying to push back up toward the $8 level, and the options remain bullish.

Packaging, chip stocks point to rebound: The strength of the banks has been the big story this earnings season, but the outlook from some companies in different parts of the economy is starting to brighten.

Owens-Illinois(OI Quote) faces negative sentiment: A large options trader is using puts to bet on a further drop in Owens-Illinois as the glass manufacturer's shares decline.