Rambus, Starbucks, ETFs: Options Recap

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.

NEW YORK (TheStreet) -- The following stories ran yesterday on optionMONSTER.com.

Options see Rambus (RMBS Quote) going places: Options action surged to more than six times normal in Rambus on reports the company reached a legal settlement with NVIDIA(NVDA Quote).

Puts active as Sallie Mae (SLM Quote) pulls back: Student loan financing company Sallie Mae is down 20% over the past month, and one options trader is concerned about more downside

Wyeth receives bullish trade: Pfizer's(PFE Quote) purchase of Wyeth is approaching the finish line, and one big investor is trying to play merger arbitrage.

Bulls try Ann Taylor (ANN Quote) on for size: Ann Taylor is rallying on an upgrade from UBS, prompting some investors to bet on continued strength into earnings on Friday morning.

Bare Escentuals (BARE Quote) faces bearish trade: One big investor is positioning for a pullback in the maker of beauty products.

What Chinese markets may be telling us: The unintended consequences of Chinese stimulus spending on the mainland's markets have captured the world's attention, following two down moves in the past three days.

Starbucks (SBUX Quote) options active as stock continues to rally: Starbucks is running with the bulls, and options traders see that continuing.

Levered ETFs getting bucked: Levered ETFs may need warnings, but using them isn't gambling.

Options position for downside in gold miners: One big investor is positioning for a decline in the gold-mining sector as weakness spreads in the broader market.