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Options Recap: Big Trade in Bearish ETF

Stock quotes in this article: MFE , SLM , NNI , AMGN  

OptionMonster co-founder Pete Najarian provides options picks Monday, Wednesday and Friday in TheStreet.com's Deep in the Money Calls newsletter.

By David Russell, reporter at OptionMonster

Bearish ETF attracts large trade: One investor placed a large bet Monday against the S&P 500, combining the power of options with a leveraged exchange-traded fund.

Traders are bullish on McAfee(MFE Quote): Options action turned bullish for the security software maker as traders bet that its stock will rally past $45 by July expiration. ...

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