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. NRG Energy (NRG) investor extends bullish bet: The power-generation company receives a large options trade as one investor extended a bullish position from July to August. Why isn't the VIX dropping more?: The fact that the spot VIX is nearly flat with the SPX up must be viewed context. And that context does seem to be saying "watch out below." Heavy put activity in Expedia (EXPE): The online travel firm attracts heavy put buying as some traders position for downside in the shares and others bet on lower volatility. Capital One Financial (COF) stock, options surge: The financial company is drawing bullish trades in stock and options early today after posting credit-card default numbers that were better than expected. Wednesday Pre-Market: Intel (INTC) changes game for chip sector: The Semiconductor HOLDRs ETF ( SMH) had been stopped dead several times just above the $22.30 area in the last six weeks but has finally broken its resistance level. Options bullish on Honeywell International (HON): Options action turned bullish in the aerospace giant yesterday, with least one big investor snapping up a boatload of calls in the aerospace giant. Bulls think Lexmark International (LXK) will print cash: The printer maker's shares have had trouble getting much off the lows, but today's call action is decidedly bullish Synaptics (SYNA) faces bearish trades: Bears unloaded shares of the touch-screen maker yesterday, and options traders followed in their footsteps Traders look to ride Harley-Davidson (HOG) downhill: Harley-Davidson continues to bump up against overhead resistance, and now the options action is looking for a sharp pullback in the near term. Big volatility trade in ArcelorMittal (MT): One large investor expects more volatility in steelmaker ArcelorMittal and is using a strangle to profit from the move.