Bullish Traders Buy Capital One Options

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

Mike Yamamoto, managing editor of OptionMonster.

Capital One Financial(COF Quote) is drawing bullish trades in stock and options early today after posting credit-card default numbers that were better than expected.

Capital One shares climbed as much as 11% right out of the gate before settling back to $25 in the first hour of trading, still up more than 8% on the day. Options activity was also strong, as nearly 25,000 calls traded in about the first 45 minutes of the session. ...