Options Recap: Bulls Grab SL Green

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.

October volatility: GroupOne's Jamie Tyrrell says traders are positioning for a higher VIX in October.

Cell Genesys draws speculators: Options action is heating up in Cell Genesys(CEGE Quote) as traders speculate on higher prices from the penny stock.

Options bullish on Chinese solar firm: Traders are buying calls in Yingli Green Energy(YGE Quote), though shares in the Chinese solar technology company are down.

Put volume surges in Applied Materials: Traders are buying puts in Applied Materials(AMAT Quote) as investors position for a pullback before the chip equipment maker reports earnings.

Traders bank on SL Green upside: SL Green Realty(SLG Quote) has almost tripled from its March lows, and options traders are betting on more upside.

The pitfalls of time decay in options: Taking advantage of time decay is one of the most common ways of using options, but creates risks from big moves in stock prices.

Pre-market:

Intel opportunity: Guy Adami says Intel(INTC Quote) shares are attractively priced and poised for a potential rebound.