Options Recap: Bulls Shop at Whole Foods

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

Bears target emerging market: Brazil and China have led global stock markets this year, but now options traders are looking for a pullback

Potash(POT Quote) chart shows negative pattern: The fertilizer company has broken down from a large range that had support at the $110 area and is now in a bearish trading pattern.

Traders bet against financial sector: Options traders are piling into the Direxion Daily Financial Bear 3x Shares(FAZ Quote) exchange traded fund, which is designed to yield triple the negative return on the financial sector's performance.

Nordstrom(JWN Quote) faces bearish trade: A large investor is placing a big bet against the upscale retailer. It is the second largest trade on our tracking systems so far today and represents five times the average daily volume in the name.

Wednesday Pre-Market:

Bulls go shopping at Whole Foods Market(WFMI Quote): The grocery chain has dropped more than 13% in the last five sessions, but that didn't stop traders from buying calls

Mystery assets move in similar ways: Today we compare two mystery assets that have behaved similarly. The very fact that they should not fundamentally correlate is what makes it valuable to observe their co-movement.

Cautious buyers in real estate ETF: Put action surged in the ProShares Ultra Real Estate ETF(URE Quote)as investors cautiously sought exposure to the beleaguered sector.

Butterflies arise from Caterpillar (CAT Quote): Directional butterfly trades have become more popular with institutional traders as a way to reduce premium exposure while making a hedged trade.

Two trades use delta neutral strategy: Large call purchases were made in Interpublic Group(IPG Quote) and Taiwan Semiconductor(TSM Quote) Tuesday as investors used a strategy that counts on volatile stock prices.