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 (
Progress Energy(PGN - Get Report) falls, draws puts
: The company has been hit by record levels of energy usage in Florida as that state endures record low temperatures.
Trader positions for Nexen(NXY) upside
: The Canadian oil and gas stock has been trapped below $30 since September 2008, but one trader is positioning for a rally past that level in the next two months.
Exelixis(EXEL) trade sees tighter range
: The cancer research company's volatility remains high, but one trader sees that continuing to subside over the long term.
Call spread looks for pop in Anadys Pharmaceuticals(ANDS)
: The micro-cap drug developer has been building a base around $2 since mid-2006, and now one investor is looking for a rally.
Bull target Talisman Energy(TLM) after new high
: The energy company will address investors today and tomorrow, and at least one bull is champing at the bit to get long.
S&P, Russell pass resistance levels
: After closing higher Friday, both indexes will get new resistance levels for today, as well as slightly higher support levels.
Key names at big health care confab
: More than 6,000 people will convene at the annual JPMorgan Healthcare Conference this week, the industry's largest single event of the year.
Motorola(MOT) attracts huge call activity
: The mobile phone maker fell 4.5% on Friday, but it was the calls that were active as nearly 88,000 changed hands in a single trade.
Strategy bets that Lorillard(LO) will hold
: The tobacco company hasn't traded below $60 since April, and one investor thinks that will stay true for the next year.
Trader goes diagonal on Auxilium Pharmaceuticals(AUXL)
: The pharmaceuticals company has been falling since September, and now one trader is using different expirations to bet on a rebound.