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
NEW YORK (
) - The following stories ran Wednesday on OptionMonster.com.
Sepracor surges on takeover report:
Stock and options volumes are exploding in
on a report the drugmaker would be acquired by a Japanese company for $2.7 billion.
Bulls deposit in Bank of America:
A call spread is the largest options trade on
Bank of America
(BAC - Get Report)
Wednesday and will earn a maximum profit of 198% if the stock closes at or above $21 by expiration.
'Straddle' trade in Take-Two:
The videogame maker
(TTWO - Get Report)
snaps higher on a good earnings report, but one investor is positioning for the stock to stay put.
Oracle draws heavy put buying:
Traders are turning bearish on
(ORCL - Get Report)
Wednesday after antitrust concerns arose about its acquisition of
, which is also losing market share according to a new report.
Traders betting Goldcorp will fall:
Investors are aggressively positioning for a potential decline in the mining company
(GG - Get Report)
, purchasing September puts in large volume.
Options expect Virgin Mobile to hold:
are pulling back again, but one large trade is looking for levels to hold through the end of the year.
Large spread on Russell 2000:
The Russell 2000 topped out Friday, and one institutional trader is placing a large spread bet in small-cap index over the short term.
Bulls target Intrepid Potash:
Options action is turning bullish on
as investors look for the fertilizer company to rally over the next three weeks.
-- Reported by David Russell of OptionMonster in New York.