Options Recap: Bullish on Thermo Fisher

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.

Large trader rolls calls in Apple(AAPL Quote): Apple leaps to its highest level since September a day after its strong earnings report, leading one big investor to lock in profits with options while staying long the name.

Bulls like Thermo Fisher Scientific(TMO Quote): The bulls are charging into the laboratory-equipment manufacturer, betting on a pop from its earnings report tomorrow morning.

Options cautious on Dean Foods(DF Quote): Trading in the food and beverage company shows that some traders appear to be cautious even as some stocks reach their highs.

Trader bites on Wendy's/Arby's Group(WEN Quote): The restaurant chain is up 21% in the last month, and at least one trader expects it to keep climbing through its next earnings report in early August.

Bullish traders target Hong Kong: The bulls visited the proverbial China shop, hunting for upside in the Hong Kong stock market through the iShares MSCI Hong Kong Index Fund(EWH Quote) exchange traded fund.

Wednesday Pre-Market:

Chipotle Mexican Grill(CMG Quote) in critical bullish pattern: Ahead of its earnings report, Chipotle has already entered a bullish pattern with large upside potential. But that may not be good news. Find out why.

Traders turn bearish on Moody's(MCO Quote): Options action turned bearish for the credit-rating firm after the Treasury Department proposed rules to restrict their business practices and heighten regulation.

Bulls pile into Applied Materials(AMAT Quote): Applied Materials has posted its highest close since early November, and options traders are buying calls in the chip equipment maker.

Ener1(HEV Quote) attracts bullish trading: Options were bullish in the maker of batteries used in hybrid vehicles and alternative energy installations.

Traders see correction in materials: Traders snapped up calls in the ProShares UltraShort Basic Materials ETF(SMN Quote), thinking the sector is due for a correction.

Puts position for fall in XL Capital(XL Quote): Put activity surged in XL Capital Tuesday as investors positioned for a potential decline in the reinsurance company's stock.