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) -- Bearish signs in Constellation Brands (STZ - Get Report) chart: Ahead of tomorrow's earnings report there is a large-scale potential bearish "head and shoulders" pattern on the daily chart of the alcoholic beverage company.
Bulls boosts bet on Indian bank: One big investor has been waiting for ICICI Bank (IBN) to break through $40 and ups the ante by rolling forward a position by two months.Abercrombie & Fitch (ANF - Get Report) trade looks for drop: The clothing retailer has been trapped in a tight range in the last month, but a large option order indicates that at least one trader apparently expects the stock to fall soon. Subtle bullish pattern in Caterpillar (CAT - Get Report): Price patterns can often emerge when we least expect them to, even in the relative absence of immediate catalysts. A case in point is showing now on Caterpillar's chart. CIT Group (CIT - Get Report) attracts bullish trade: Options action is turning bullish less than a month after the business lender emerged from bankruptcy protection. Smith & Wesson (SWHC - Get Report) bulls gun for rally: The gun maker has been languishing since making a big surge last spring, and now the bulls think it will shoot higher again. VIX hits new 16-month closing low: The S&P 500 has kicked off the New Year in style, which has driven its volatility index to its lowest level since August 2008. Allos Therapeutics (ALTH) receives vote of confidence: The biopharmaceutical company has been pushing higher for the last month, and one investor is confident it will hold its hold its ground. El Paso (EP) draws large volatility trade: Put buying in El Paso caught our attention this morning, but on further inspection it wasn't as bearish as it first appeared. Wednesday Pre-Market: