By David Russell, reporter at optionMONSTER.com
CHICAGO (TheStreet) - Below is a compilation of some important stories that ran Monday on optionMONSTER.com. optionMONSTER was co-founded by Deep in the Money Calls author Pete Najarian and uses advanced monitoring systems to detect trading patterns by large institutional traders and retail investors.
Strategy looks for Intuit (INTU) to move: The tax software maker's implied volatility has been bottoming around 21 percent, and one trader is looking for a run-up into the company's earnings release.
Satyam (SAY) trade bets on low volatility: Shares of the IT services firm has moved in an increasingly tight range in the last six months, and a large option trade is looking for the stock to see more low volatility.Call buyer looks for gains in ASML (ASML): The Dutch maker of semiconductor equipment is pulling back after hitting a 9-year high, and at least one investor expects more gains. Clues on IBM (IBM)chart before earnings: The daily chart reveals little in the way of a technical pattern that can prove useful ahead of today's earnings report. The weekly chart, however, offers more clues. Heavy call action in FelCor Lodging (FCH): The real-estate investment trust is up 485 percent over the last year, and the calls are active even though the shares have fallen sharply over the last three days. Put buyer sets sights on Jefferies (JEF): The financial firm reports earnings tomorrow morning, and at least one trader is positioning for a potential decline. Weyerhaeuser (WY)draws long-term bet: The lumber company has not felt the effects of the most recent issue on Wall Street as shares are at a new 52-week high and options look for even more upside. Trade sees top in Columbia Sportswear (COLM): Shares of the apparel company are up 49 percent this year, and one investor is positioning for a final push higher.
Monday Pre-Market:S&P breaks below support levels: The SEC's bombshell fraud charges against Goldman Sachs push the index lower, though the Nasdaq 100 and Russell 2000 manage to cut losses. FLIR Systems (FLIR) draws upside calls: The maker of thermal-imaging systems has been fighting its way back since gapping lower in February, and the bulls see further gains by early summer.
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