Bulls Target UnitedHealth: 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.

Why volatility is crucial to all traders: All option traders are volatility traders, as noted at this year's Volatility Trading Summit, but many get into options trading without thinking about this.

DRJ on the worst trade in history: Jon says the federal government let the trade of the century slip through its fingers at the depths of the financial crisis.

Vote of confidence in CB Richard Ellis Group(CBG): The commercial real estate company says it plans to issue new shares, and one investor is stepping up to write insurance on the stock.

Call buying surges in dollar ETF: Options action surged in the UUP exchange-traded fund as investors positioned for more strength in the U.S. dollar.

Bulls pile into rising UnitedHealth Group(UNH): The health care service provider gapped higher and is still climbing with fast call buying in the November contracts.

Will indexes break stalemate today?: Bulls see the recent weakness as consolidation of gains, while bears view it as negative and churning. Today's session could be important in helping determine who is right.

Wednesday Pre-Market:

Bear visits Whole Foods Market(WFMI) before earnings: The organic grocer reports earnings after the bell, and one trader has positioned for a drop using November contracts.

Large trade expects pop in Ventas(VTR): The nursing-home real-estate investment trust has been grinding higher against resistance for the last three months, and now one trader is positioning for a breakout.

Bulls see bright picture for IMAX(IMAX): The entertainment company popped nearly 5% yesterday while drawing upside options activity ahead of its earnings report tomorrow morning.

Volatility seller targets Forest Laboratories(FRX): Implied volatility has been climbing in the pharmaceuticals company, but one trader doesn't expect the trend to last.

Foot Locker(FL) receives bullish trade: The shoe retailer has taken a beating along with the rest of the market recently, but one trader is positioning for a long-term rally.