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) -- Calls sold on Monster Worldwide (MWW) rally: The employment agency is attempting to rally after declining 18% this year, and some traders are selling calls into the strength. Caterpillar (CAT) gets vote of confidence: Shares of the construction equipment maker are climbing higher, as the big options trade of the day appears to have faith in current support levels. Forward thinking on backspreads: A backspread is essentially buying a ratio spread, as opposed to selling it. Find out here why large traders often prefer this strategy SLM (SLM) sees bearish put buying in April: The student-loan company has been struggling to hold its ground since Jan. 20, when a bad earnings report drove the shares below $11.50. How one large bear is playing AMAG Pharmaceuticals (AMAG): The pharmaceuticals firm is falling sharply after its earnings announcement, and a large bearish spread suggests that traders don't think it is moving higher any time soon. Trade sees top in consumer spending: The SPDR Consumer Discretionary exchange-traded fund ( XLY) has climbed to a new 52-week high, but the option action is looking for a top. Monday premarket: DRJ says laws of the jungle ruled in '08: Jon says the events of late 2008 were Wall Street's version of the movie "Alive"--the story of a rugby team whose plane crashed in the Andes. Put seller targets obscure gold stock: Option volume surged more than one thousand-fold in Tanzanian Royalty Exploration ( TRE) on Friday as investors increasingly focus on the gold name. Trader see Meritage Homes (MTH) in tight range: The volume in the regional homebuilder's options was more than 20 times average, with a big bet that volatility would continue to come in. Bullish spread on Republic Airways (RJET): The regional airline stock ripped higher on Friday as it tried to rebound from a seven-month low, and the bulls think that it still has room to run. -- Reported by David Russell of OptionMonster in New York.