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.

NEW YORK ( TheStreet) -- Below is a compilation of some important stories that ran yesterday on optionMONSTER.com. optionMONSTER was co-founded by Deep in the Money Calls author Pete Najarian and uses advanced monitoring systems to detect trading patterns by large institutional traders and retail investors.

UBS (UBS - Get Report) attracts bullish trades: The Swiss banking giant will report second-quarter earnings early next month, and the bulls are already jumping on board.

Mylan (MYL - Get Report) drops as put activity rises: Shares of the generic drug maker are under pressure after a report of possible quality-control issues, and the options activity is focused on August puts.

Bearish trade in IAC/InterActiveCorp (IACI): The media company gaps to a 13-month high, prompting one investor to position for a pullback with the largest options trade of the day.

Masco (MAS - Get Report) could develop bullish pattern: As a manufacturer of home improvement products of such as paint and faucets, the company was sensitive to slack demand in housing.

Bulls digging into metals, mining: Options action is positive for the metals and mining sector today as investors place bullish trades on the the SPDR S&P Metals and Mining ETF ( XME).

Volatility has bearish signals for S&P 500: The S&P 500's volatility relationship has changed once again after the VIX climbed sharply, and it doesn't bode well for the markets.

Options bullish on Zimmer Holdings (ZMH): Options action was bullish on the medical-device company as investors bet it would continue moving higher this year.

What Lance can teach about trading: There are several important things we can learn from the cycling legend's behavior that apply to trading. The first is that people aren't always "rational" in the economic sense.

Monday Pre-Market:

Acadia (ACAD - Get Report) soars with heavy call action: Shares of the pharmaceuticals company skyrocketed along with heavy options activity at the end of last week, apparently on speculation about a key drug trial.

ProLogis (PLD - Get Report) run-up leads to large sale: The real-estate investment trust rallied 19% in three sessions, prompting some investors to bet the shares have gone too far too fast.

Heavy trading in homebuilders ETF: The homebuilders sector has risen more than 25 percent in the last two weeks, and Friday's session featured some large options trades in the SPDR S&P Homebuilders ETF ( XHB).

Options count on swing in Sprint (S): Sprint Nextel received a large options transaction Friday as a trader bought 20,000 calls hoping for the shares to move by September.

Traders bet against Verisign (VRSN) move: Internet-security company Verisign will report second-quarter earnings after the bell in eight sessions, and traders are betting that it won't significantly impact the share price.