Options Recap: Investor Bullish on Genworth

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.

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.

Joy Global (JOYG Quote), PetroChina (PTR Quote) hit targets: The mining-equipment maker and oil company have both complete bullish "inverted head and shoulders" patterns that we cited last month.

Big trade bets on Genworth Financial (GNW Quote) to rise: A large investor is locking in profits while extending a bullish position in the insurer, which has more than doubled in the last month.

Zoltek (ZOLT Quote) surges with bullish calls: Stock and options trading turned bullish as investors piled into the specialty-chemical producer.

Bearish options hit emerging markets: The iShares MSCI Emerging Markets Index ETF(EEM Quote) exchange traded fund continues to attract considerable attention, and today we see bearish options action as emerging markets move higher.

Bulls charge into Canadian stocks: Call buying has surged in the Canadian exchange traded fund as the bulls target the resource-rich nation.

DryShips (DRYS Quote) drops but draws call action: We have seen a lot of interest in DryShips lately, and the call action continues. Today's activity is focused on the September options.

Monday Pre-Market:

Bulls run on Latin fertilizer company: Investors are snapping up calls in Sociedad Quimica y Minera de Chile, betting that the fertilizer company will continue to run higher.

Options see upside to Amerigroup: (AGP Quote)Options traders apparently think that Amerigroup will climb toward $32 or higher and are selling long-dated options to finance a bet on the health care company.