Options Recap: Bulls Grab Yahoo!, Oracle

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.

Motorola (MOT Quote) attracts bullish trade: Someone expects Motorola to grind higher in coming months and is using a strategy to maximize profits from the move.

Bulls charge into Oracle (ORCL Quote) calls: Traders stampede into upside options for the database company after it reported better-than-expected earnings results and issued a strong forecast for the next quarter.

Don't discount outside influence: Traders don't often take into account the external influences that can affect our performance. Lack of sleep, sickness, and other distractions certainly can take their toll on our profit and loss.

Gloomy picture in Eastman Kodak (EK Quote) options: The camera and film company has plummeted 80% in the last year, and options action suggests that it might continue lower.

Wednesday Pre-Market:

Lies, damned lies and Treasuries: Jon Najarian says the return of risk appetite is more likely the cause of the recent Treasury rally than the fixed-income market telling us inflation is about bust out.

Traders split on Saks (SKS Quote), Urban Outfitters (URBNf Quote): In longer-term trades, bears stalked luxury name Saks Tuesday while bulls shopped for upside at retailer Urban Outfitters.

Options point to turbulence for Delta (DAL Quote): Options action took off in Delta Air Lines Tuesday as traders strapped in for a bumpy ride in the shares.

Bulls charge into Yahoo! (YHOO Quote): The bulls were gobbling up Yahoo calls in huge numbers Tuesday. More than 90% of the activity took place in less than a minute, suggesting trades by a large institutional investor.