Options Recap: Bulls Grab Cemex, Zimmer

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 stories that ran yesterday on OptionMonster.com, which uses advanced monitoring systems to detect trading patterns by large institutional traders and retail investors.

Bearish spread in WellCare Health: Someone apparently thinks WellCare Health Plans(WCG Quote) is running out of gas.

Traders see upside in Cemex: Cemex(CX Quote) has rallied 39% in the last week, and options traders are still bullish.

Some traders bearish on emerging markets: Emerging markets have significantly outperformed U.S. stocks over the past month, and some traders are positioning for a pullback.

America Movil sees heavy put buying: America Movil(AMX Quote)has rallied more than 20% in a little more than a week, prompting some traders to position for greater volatility.

Options bullish on Zimmer Holdings: Traders are snapping up calls in Zimmer Holdings(ZMH Quote), betting that the medical-implant company will rally over the next month.

Wednesday Pre-Market:

Put selling surges as volatility wanes: Options traders aggressively sold puts Tuesday in companies such as Wells Fargo(WFC Quote) and Forest Oil(FST Quote) to take advantage of high prices for volatility while they last.

Strategists target 1,000 level for S&P 500: There is near-universal consensus that the 1,000 level will be met as market watchers raise their forecasts.