Bare Escentuals Draws Bullish Bet

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.

Bare Escentuals(BARE Quote) has flattened after rocketing higher in March and April, but today one investor positioned for another move higher in the cosmetics company.

OptionMonster's tracking systems detected the purchase of 2,500 September 10 calls for $1.30, matched against the simultaneous sale of an equal number of June 7.50 calls for $1.75. Volume exceeded open interesting the September calls and was below open interest in the June calls, which suggests that the trader rolled an existing long position into the future. ...