OptionMonster co-founder Jon Najarian provides options picks Monday, Wednesday and Friday in TheStreet.com's Deep in the Money Calls newsletter.David Russell, reporter for OptionMonster. Below is a compilation of stories that ran yesterday on OptionMonster.com, which uses advanced monitoring systems to detect trading patterns by large institutional traders and retail investors. Bearish spread in WellCare Health: Someone apparently thinks WellCare Health Plans ( WCG) is running out of gas. Traders see upside in Cemex: Cemex ( CX - Get Report) has rallied 39% in the last week, and options traders are still bullish. Some traders bearish on emerging markets: Emerging markets have significantly outperformed U.S. stocks over the past month, and some traders are positioning for a pullback. America Movil sees heavy put buying: America Movil ( AMX - Get Report)has rallied more than 20% in a little more than a week, prompting some traders to position for greater volatility. Options bullish on Zimmer Holdings: Traders are snapping up calls in Zimmer Holdings ( ZMH), betting that the medical-implant company will rally over the next month. Wednesday Pre-Market: Put selling surges as volatility wanes: Options traders aggressively sold puts Tuesday in companies such as Wells Fargo ( WFC - Get Report) and Forest Oil ( FST) to take advantage of high prices for volatility while they last. Strategists target 1,000 level for S&P 500: There is near-universal consensus that the 1,000 level will be met as market watchers raise their forecasts.
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